...if you like the idea of your credit card info being on some dude's iPhone.
Saw this on another site and the first comment there struck me. Summed up it was that: this technology is pretty much just a place holder for a few years until transactions can be made mobile device to mobile device or credit card to credit card. Whoever invests in this should also be investing in what is going to replace it.
How does this in any way let two strangers exchange funds when they aren't in the same physical location, neither has an iPhone, and all they know of each other is their email addresses? That is paypal's bread and butter and I don't see how this service in any way competes there.
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