Perks and pitfalls of the electronic wallet
By Justin Boyle
I still carry cash. Most people I know look at the paper folding stuff I pull out at the coffee counter and barely recognize it. Back in the late '90s, when primitive electronic devices like debit cards were becoming more popular, a good friend of mine told me that paper money would be obsolete in less than 10 years.
He was wrong, it turns out, but maybe only in the length of time he gave it. With the recent release of Google's cloud-based online wallet, cash might be more in danger than ever of a complete electronic takeover.