Word: paypal
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Dates: during 2000-2000
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Even in an age humming with electronic innovation, the new takes its baby steps in the boot prints of the old. Many of the cyber-knickknacks on our Tech 10 Best are binary clones of old friends. PayPal is the next Western Union; the Nikon Coolpix 900 is the spawn of the Brownie. Nike will customize your sneakers, just the way your "artistic" aunt did for your eighth birthday. And Napster: free access to worlds of music! It used to be called radio...
...PAYPAL At last, a simple and easy way to "wire" money--even tiny amounts of it--online. You can use it to send your deadbeat brother five bucks via e-mail, or to pay $200 for those vintage Care Bears you bought on eBay. It's quickly getting to be the medium of choice for small-scale e-commerce...
...Even in an age humming with electronic innovation, the new takes its baby steps in the boot prints of the old. Many of the cyber-knickknacks on our Tech 10 Best are binary clones of old friends. PayPal is the next Western Union; the Nikon Coolpix 900 is the spawn of the Brownie. Nike will customize your sneakers, just the way your "artistic" aunt did for your eighth birthday. And Napster: free access to worlds of music! It used to be called radio...
...PayPal and Billpoint are a great way to make payments to individuals and small businesses. But the "killer app" right now seems to be auctions. PayPal is used in an estimated one-fourth of all eBay auctions. And Billpoint, which is partly owned by eBay and seamlessly integrated into its payment system, is used for many more. PayPal's website includes a handy list of ways you might want to use the service, from sending money to kids away at college to "collecting payments from co-workers for office pools." (Wait, aren't there laws about that?) But the truth...
...next frontier? Wireless. Palm Pilot users can already use PayPal and their units' infrared technology to "beam" each other cash. And with Web-enabled cell phones, PayPal can be used to make payments remotely. That means in the future, when you go shopping or eat out, instead of reaching for your wallet, you may reach for your cell phone--and an online-payment service. Ultimately, it may be your cash--as much as your frantic hunts for first-class postage--that PayPal and Billpoint render obsolete...