When I tell friends about it, the first reaction is a snigger ("The geek's really lost it this time money via e-mail?"). When I explain how it works and tell them the possibilities, the sniggering stops. The next reaction is often "How can I invest?" Too late: Goldman Sachs, Nokia Ventures and Deutsche Bank, among others, already have.
How to E-Mail Money Using PayPal.com
From TIME Digital: Still owe your friend $20? PayPal and other outfits let you send it over the Net
I have seen the future of cash. And I like it. In fact, I love it.
I haven't been able to print my own yet, but this will do for
now. It's a person-to-person service called PayPal, and it
allows users to send each other money instantly by e-mail.
From my credit card to your bank account. No charge. No
mother's maiden name.