Which Milne News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And what do i do? >> basically, i just select the location, type in how much i owe them and hit pay, they confirm that i paid, and the transaction is over. >> that's it? >> that's it. no cards, no cash, no nothing, just all based on the internet. >> reporter: the target is not just paper money, but more specifically, credit cards that charge percentages on every dollar of every purchase, tens of billions paid by merchants and consumers alike. other companies are trying to undercut that system, which milne has always found disturbing. >> we work very hard for our money, and when we exchange it ...

You're basically trying to kill money, aren't you? >> well, we're trying to give people a better alternative to actual cash, yes. and he explains it with a quick stop in a restaurant, his cell phone and the app that connects him to his company, called dwalla. so i sit down here and i order a cheese panini and the bill comes and what do i do? >> basically, i just select the location, type in how much i owe them and hit pay, they confirm that i paid, and the transaction is over. >> that's it? >> that's it. no cards, no cash, no nothing, just all based on the internet. >> reporter: the target is ...