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PayPal Pushing More into Offline Pay Systems

Will this spell the end of the retail cash register?

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PayPal Inc. estimates that its efforts to extend its offline payment-processing technologies to traditional retailers will see a nearly ten-fold increase in users by the end of the year and will eventually lead to the end of the retail cash register.

Speaking at an event in San Jose, Calif., PayPal president David Marcus said the company is "committed" to placing PayPal as a payment option in 2 million stores across the U.S. by December.