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— Good Thinking Feature

Pros and cons of a mature Bitcoin economy

Bitcoin, the digital cryptocurrency designed to enable anonymous peer-to-peer financial exchanges without the involvement of third parties, is having serious teething problems. However, most such problems are associated with bitcoin storage or conversion, and should settle down as the currency is more widely accepted. Assuming this happens, let's look at the strengths and weaknesses of a mature Bitcoin currency in a modern economy. Read More
— Space

PayPal Galactic – don't leave Earth without it

PayPal has teamed with the SETI Institute and the Space Tourism Society to start preparations for the coming upheavals of Solar System commerce. Having whetted their teeth on global commerce, PayPal is looking forward to the challenge of figuring out how to let John or Jill check their balance when they are living on Mars or visiting the Orbital Technologies commercial space station. It's answer is PayPal Galactic. Read More
— Good Thinking

Proverbial Wallets to keep your digital spending in check

The widespread adoption of credit and debit cards means, for many people, the cashless society is already a reality. However, this means the simple system of checking how much cash you’ve got in your wallet before making a purchase is no longer an accurate reflection of your finances, making it all too easy to succumb to temptation and overextend yourself financially. The Proverbial Wallet project at MIT is looking at “un-abstracting virtual assets” with wallets that provide tactile feedback that reflects a person’s current financial state. Read More
— Mobile Technology

Nokia looking to get in the money

Nokia’s new Nokia Money service will let users send money, pay for products, recharge prepaid SIM cards and pay utility bills just by using the payee’s mobile phone number. Designed to be as simple as making a phone call or sending an SMS, the Nokia Money services will be accessible 24 hours a day anywhere there is mobile phone coverage. Read More
— Electronics

ADT rolls-out anti-skimming solution for ATMs

The theft of financial information during ATM transactions is one of the financial industry's fastest growing crimes and in the latest effort to combat this problem, ADT Security Services today introduced a new advanced skimming detection device for financial institutions throughout North America. The ADT Anti-Skim™ ATM Security Solution helps prevent skimming attempts and detects skimming devices on all major ATM makes and models, says ADT. Read More