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Cash to become extinct as chips take off

Wednesday, June 17th, 2009

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

 

cashless

 

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.

 

Read article:

http://www.news.com.au/technology/story/0,,25637102-5014239,00.html

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