Cash to become extinct as chips take off

  • Thread starter Boanerges(Inactive)
  • Start date
#2
BankSA general manager strategy and operations Chris Ward expects Australia to follow the offshore lead, with small cash transactions disappearing first.
"So you can't go and buy a bottle of water from the deli with cash; you've got to go and buy it with your chip," he said.
Why.....It almost sounds as if no one would then be able to buy, sell, or trade without it!

:D

Cool article. :cool:
 
#6
Already the new visa cards have computer chips and my debit cards . and there is a web site ( can't remember the name ) where you join and can send money form one cell phone to another and they are working on being able to buy everything with your cel phone ... :eek::eek::eek: