There was a robust response to yesterday's post on Sweden going cashless (with the prospect of Europe to follow).
This, of course, begs the question as to how all this could ever take place.
The truth is that we are almost cashless in the West already.
Only 3% of financial transactions in Sweden are completed in paper money, 8% in Germany, 7% in the U.S.A and in Australia, England and Canada the figures are around 10%.
All other transactions are electronic in some form or another.
In a recent survey in Canada 56% of people said that they would prefer never to handle money again and simply use their "digital wallet."
Author of the book "The End of Money," David Wolman, has said that it will be the ubiquitous cell phone that will eventually take nations fully into cyber-cash: cell phones that will allow transfer of money from person to person independent of banks and from which shopping will be conducted with a press of a button at the cash-out.
This author is also looking forward to the implant which will be the final step into our Brave-New World.
But more about that tomorrow.
Ian
No comments:
Post a Comment