1993-08-20 - Re: Traveller’s Checks…

Header Data

From: baumbach@atmel.com (Peter Baumbach)
To: cypherpunks@toad.com
Message Hash: f9a29d7e71a0164fd2081f091d0e5aade17d0f2bdc8e21bf00b09d93fab913d5
Message ID: <9308192350.AA12661@bass.chp.atmel.com>
Reply To: N/A
UTC Datetime: 1993-08-20 01:00:50 UTC
Raw Date: Thu, 19 Aug 93 18:00:50 PDT

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From: baumbach@atmel.com (Peter Baumbach)
Date: Thu, 19 Aug 93 18:00:50 PDT
To: cypherpunks@toad.com
Subject: Re: Traveller's Checks...
Message-ID: <9308192350.AA12661@bass.chp.atmel.com>
MIME-Version: 1.0
Content-Type: text/plain


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@atmel.com





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