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1 .This is Scientific American's 60-Second Tech, I'm Larry Greenemeier. Got a minute?
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2 .Our interactions increasingly happen online.
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3 .So it makes sense, in theory anyway, to have some sort of digital certificate on our computers and smartphones we can use for purchases or to provide proof of identity.
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4 .So-called "digital wallets" to replace the ones we physically carry around have been available for years, and are especially useful when shopping online.
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5 .No need to fill out addresses or payment information because this data is already encrypted (hopefully, anyway) and stored electronically.
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6 .But digital wallets have a major problem--hardly anybody's using them.
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7 .In fact, many people don't even know what a digital wallet is, according to the research firm comScore.
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8 .They recently reported that although most people have heard of PayPal, similar digital wallets offered by Google, MasterCard, Visa and others are relatively unknown.
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9 .Of course, ATMs were little used when they appeared in the 1970s and 80s.
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10 .Now you can hardly walk a block without running into one.
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11 .So savor your wallet's leather smell while it lasts.
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12 .It might soon be consigned to a dresser drawer next to that stack of old bank deposit slips.
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13 .Thanks for the minute, for Scientific American's 60-Second Tech. I'm Larry Greenemeier.
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