Abstract

Several upstart e-commerce companies are poised to radically alter the abstract entity we call "money." X.com (formerly Confinity.com before it merged with X.com) sends money through email via its PayPal.com service—Tele-Vend.com turns your mobile phone into a credit card, and Beenz.com prints e-money like some kind of out-of-control bean counter. Are these just examples of funny money, or the end of money as we know it? The author believes it's the latter, and that the prospects for massive disintermediation threaten the future of conventional money.

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