Phone-to-Phone Money Transfers
Owe your friend some cash but forgot your wallet? PayPal announced on Wednesday a new feature that allows phone-to-phone money transfers using technology for Android devices.
What's the Latest Development?
PayPal announced this week that its smartphone application will allow users to transfer funds electronically between phones. If you own a Samsung Nexus S phone, which uses the Android platform, you will now be able to transfer money to other Samsung Nexus S phones, or any device which shares a similar near field communications (N.F.C.) chip. The same technology is currently used to allow smartphones to exchange contact information, rather than entering in the data by hand. Already popular in Asia, N.F.C. chips are likely to become increasingly popular in the U.S.
What's the Big Idea?
Money continues its march toward abstraction. The major political discussions that took place when the dollar was taken off the gold standard seem anachronistic at a time when money is becoming further and further removed from any fixed source. Paper currency is already being phased out as some companies—airlines, for example—seek to streamline their business operations by accepting only electronic forms of money. How far off are we from the elimination of credit and debit cards? When will a single device serve all our needs, and then, how secure will our money be?
Understanding thinking talents in yourself and others can build strong teams and help avoid burnout.
- Learn to collaborate within a team and identify "thinking talent" surpluses – and shortages.
- Angie McArthur teaches intelligent collaboration for Big Think Edge.
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Archeologists had been doubtful since no such ship had ever been found.
- In 450 BCE, Greek historian Herodotus described a barge that's never been found.
- When the ancient port of Thonis-Heracleion was discovered, some 70 sunken ships were found resting in its waters.
- One boat, Ship 17, uncannily matches the Herodotus' description.
The blood of horseshoe crabs is harvested on a massive scale in order to retrieve a cell critical to medical research. However, recent innovations might make this practice obsolete.
- Horseshoe crabs' blue blood is so valuable that a quart of it can be sold for $15,000.
- This is because it contains a molecule that is crucial to the medical research community.
- Today, however, new innovations have resulted in a synthetic substitute that may end the practice of farming horseshoe crabs for their blood.
The Canadian professor has been on the Joe Rogan Experience six times. There's a lot of material to discuss.
- Jordan Peterson has constantly been in the headlines for his ideas on gender over the last three years.
- While on Joe Rogan's podcast, he explains his thoughts on the gender differences in society.
- On another episode, Peterson discusses the development of character through competition.
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