What is the future of money?

Can you possibly imagine a world where carrying around paper bills is no longer a requirement or necessity? The folks at PayPal can. PayPal, a Subsidiary of eBay and the e-commerce Website that allows consumers to make payments and money transfers through the Internet, recently held an event in New York City called "Cashless Utopia", where guests were taken on a special trip through several areas where the benefits of using PayPal in unique ways were demonstrated.

With Smartphones becoming more and more a part of daily life for Americans, it was only a matter of time before these devices started becoming integrated enough for use to make purchases.