From Tangible to Intangible

By now, most of us have heard of PayPal, Apple Pay, even Google Wallet. These are services tied to your bank account or debit card. Upon purchasing goods or services, these payment methods act as a buffer to complete the transaction. They pull funds from your account and provide it to the vendor. Your information is not exposed to the vendor – thus providing some level of protection. Additionally, services like PayPal offer some limited insurance if your purchase isn’t what you bargained for. Facebook has created a feature where you’ll be able to put your debit card number on file with them and send payments to your friends via Facebook Messenger. Most believe this is a pre-cursor to being able to “buy now” in the near future on Facebook.

Continue reading: The Reality of Virtual (Digital) Currency

Matt Rice is an Owner and Chief Technology Officer of Burgess Computer, a comprehensive IT support, managed service and network design firm located in Bath serving clients in southern, midcoast and central Maine.