Mobile Currency By 2020

In National News, News

Experts say that by 2020 most transactions will be taking place via smartphones, reported CNN.
About 65 percent of the computer and technology experts surveyed in a recent Pew Internet & American Life Project study think that by 2020 most people will have transitioned to having a mobile wallet stored on their phones.
Experts cited the continued transfer of consumers to nonphysical devices, such as credit cards and online transactions, as reasons for their predictions.
About one-third of those surveyed took a completely opposite stance, saying that a move to all-digital currency poses security problems.
“The use of a simple string of digits … is really a ludicrously insecure system that can and must change,” said Peter J. McCann, a FutureWei Technologies senior engineer, as reported by CNN.
Others, however, embrace the change.
“It’s basically the same technology as credit cards,” said Mung-Ki Woo, the head of mobile for MasterCard Worldwide, to CNN.  “It’s not better or worse.”

To read the full story click here.

You may also read!

The Muslim Student Association hosted Hijab Day

Muslim Student Association celebrates Women’s History Month with Hijab Day

Students had an opportunity to try on a headscarf on Titan Walk during Hijab Day, an event hosted by

John Smith, assistant head coach for CSUF men's basketball, has been named the

Assistant head coach John Smith accepts new role in Cal Poly San Luis Obispo

After being the associate head coach for Cal State Fullerton men’s basketball for the past six years, John Smith

An illustration of Jordan Peele's movie 'Us.'

Review: Jordan Peele’s ‘Us’ questions the monotony of daily life

Jordan Peele hits another home run with his sophomore effort, “Us.” While Peele’s last hit “Get Out” was mostly


Mobile Sliding Menu