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...

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 smartphones to make

payments, will currency disappear? How will the

components of M1 change?