“Payday loans, check cashing and digital currency exchanges were among the possibilities outlined in the Jan. 27 report.  The 27-page document also notes that as the country moves toward a cashless economy, the Postal Service could also provide simple ways for underserved consumers to ‘convert their cash to digital currency’ or other electronic payment methods like prepaid cards, mobile payments and wire transfers.  Two days after the paper came out, the IG held an invitation-only seminar in Virginia to discuss virtual currencies such as Bitcoin, as well as the potential benefits and disruptive effects they may have on traditional payment networks.”

http://www.foxnews.com/us/2014/02/06/bankers-balk-as-postal-service-floats-plan-for-payday-loans-digital-currency/

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