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