Horseless carriage.

Step ahead of you there, chief.

"[O]ne of the reasons credit cards are such a popular form of debt is that they take advantage of some innate flaws in the brain. When we buy something with cash, the purchase involves an actual loss - our wallet is literally lighter. Credit cards, however, make the transaction abstract, so that we don't really feel the downside of spending money."

Via Timo. The (sorry) money graf: "I see no advantage to the involvement of an operator in the value chain at all - apart from specifying NFC chips in future handsets. I don't buy the idea that Londoners would want out travel expenses appearing on the same bill as postpaid phone usage, and prepay users would almost certainly prefer two different "buckets" for transport and communications for ease of budgeting."

Clumsy implementation, but the idea is clearly in the air. Plus, these guys are working with Grameen: now *that*'s a pedigree.

Ahem. (Via Timo.)

"Better Money," the stuff of libertarian fantasy