So Americans are living through what Bill Maurer, the director of the Institute for Money, Technology and Financial Inclusion at the University of California at Irvine calls the “Cambrian explosion in payments.” The “point of sale”—once a poky machine or just a person with a calculator or a pencil—is now a computer like everything else, tied deeply into the operations of the restaurant or store.

For the full story, please visit https://www.theatlantic.com/technology/archive/2018/07/when-software-ate-the-point-of-sale/565919/.

 

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