His company is testing, with KeyBank, a system that allows a customer to punch his PIN number into a phone before making a purchase, in effect turning the phone into a credit card.
And as a great statistician and predictor and foreteller, or prophet, more literarily, I can picture a future that will be doomed to me in a billing cycle of my credit card.
They could buy all the cars and oversized Christmas tree ornaments they wanted, unless they happened to run up an unpayable credit card bill in the process.
Since it's almost free to digitally move Libra from one account to another, you won't have to pay high credit card processing fees that can add almost four percent to your total.
Payments on mortgages, payments on credit card balances, what businesses have to pay back when they borrow, all of that can decrease when the Fed cuts interest rates.