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Paypal’s President Predicts the Demise of the Wallet
Now that Paypal has reached 100 million active accounts, a company executive predicts physical wallets will soon be mothballed.
“We believe that by 2015 digital currency will be accepted everywhere in the US -– from your local corner store to Walmart. We will no longer need to carry a wallet,” Paypal President Scott Thompson said in a blog post.