Traveller's Checks...

Peter Baumbach baumbach at atmel.com
Thu Aug 19 18:00:50 PDT 1993


Peter Wayner says:
> 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 think American Express would be interested in collecting a
percentage of the cash-flow.  The underground economy is pretty
big.  Wouldn't it be nice to get a percentage of it?

Peter Baumbach
baumbach at atmel.com






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