Are You Ready to Pay by smartphone? Starbucks customers can now pay for their coffee using their

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Are You Ready to Pay by smartphone?

Starbucks customers can now pay for their coffee using their smartphone. Does this mean the move to electronic payments is finally coming?

Source: The Wall Street Journal, January 20, 2011 If people can use their smartphone to make payments, will currency disappear? How will the components of M1 change?

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Macroeconomics

ISBN: 125367

12th Global Edition

Authors: Michael Parkin

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