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U.S. Cellphone Credit Card Technology about 5-6 Years Behind Asia!

Well, when I used to live in South Korea about 3 years back, it was common to see someone transferring $100,000 on their cellphone of pay for goods, just like a credit card.

I am sure that technology has evolved even further, while us consumers in the U.S. are still using plastic cards.

Most of this has to do with big corporations in America who won’t let this happen:

The short answer is “red tape.” Th

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