Cash to become extinct as chips take off

  • Thread starter Thread starter Boanerges(Inactive)
  • Start date Start date
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.
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Why.....It almost sounds as if no one would then be able to buy, sell, or trade without it!

:D

Cool article. :cool:
 
Mmmmmmm, chips.

Ride, it almost sounds like that, doesn't it? XD
 
I'm telling you. Get your little plot of land. Get some seeds and start hording. That may be your only recourse. Coops here we come.
 
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:
 
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