Cash to become extinct as chips take off…

CASH is accelerating down the path to extinction as new technologies threaten to mark the end of loose change within a decade.

Bank and credit union bosses say cash won’t be alone, with wallets and credit cards also likely to disappear too.

They told The Advertiser’s round table forum that cash and cards will be replaced by computer chips embedded in mobile phones, watches or other portable devices.

Australian Central chief executive Peter Evers believes cash will be replaced for most transactions in five-to-seven years.

“Cash will disappear as there will be other forms of carrying cash, stored value in your phone or whatever it might be. It will transfer automatically,” he said.
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5 Comments on “Cash to become extinct as chips take off…”

  1. […] Cash to become extinct as chips take off […]

  2. […] Cash to become extinct as chips take off […]

  3. curiouskath says:

    I cannot believe that the chips will be in mobile phones, watches, or something else. It would be too easy to steal them and all the bank details with it. Street gangs are already killing people just for their mobiles. If they had bank details in them the crime rate would go up 10,000%!

    I do believe, however, that the microchips will be inserted behind the eyebrow – to match an iris identification – or on the forearm – to match a fingerprint scan id. Just as the bible predicts.

    But, that would lead to an even more gruesome crime rate – people being murdered to have their microchips cut out, along with their fingers cut off and eyes cut out – so that criminals could make identical silicone imprints of the fingers, and contact lens copies of the irises. Then they could access anybody’s bank account and steal all their money.

    Perhaps that is why the Mark of the Beast is going to be so very, very evil.

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