Re: Traveller's Checks...

I think that American Express wouldn't be interested in anonymous cash because the most important "feature" of a traveller's check is the lack of transferability. Once they're bought, only one person can spend them.

I doubt that Amex is interested in traveller's checks for this reason. AMEX likes traveller's checks because they make a lot of money on the 'float', the time value of the money you give them before they have to redeem the checks when some bank presents them for payment. A digital bank could make a lot of money on 'float' too. Given that anonymous cash could be much harder to steal than paper checks, AMEX could very well be interested in this 'new' type of monetary instrument. Jim