From The Atlantic:
While we rarely think of it in this way, the payment system we use every day is among the most widespread and functional examples of an Internet of Things. It is an array of objects embedded with chips, magnetic stripes, scanners, and touchpads. These things are coordinated through networking protocols used to move information and, ultimately, monetary value…. Bill Maurer is the dean of social sciences and a professor of anthropology and law at the University of California, Irvine.

For the full story, please visit http://www.theatlantic.com/technology/archive/2014/05/future-payment-sys....