New Conductors Speed Global Flows of Money – washingtonpost.com

New Conductors Speed Global Flows of Money – washingtonpost.com

Molly sent me this article detailing how cellular phones are being used to transfer money. This passage in particular caught my attention:

…handsets that cost as little as $30 are enabling struggling nations to leapfrog past the need for land-line phones and ATMs.

Mobile phones are allowing a new economic infrastructure to evolve in some of the places whose citizens need it most.

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