Phones to replace cash soon
By 2025, cash could be replaced by your phone.
Click here for reuse options!By the year 2025, about two thirds of transactions (65 per cent) will be carried out by contactless payment on mobile phone apps, according to a supermarket chain.
At present, the same proportion of transactions is paid for in cash, according to the Co-operative, but this looks set to decline as more and more people use the latest technology to shop and pay for goods.
The Co-operative predicts that debit and credit card use will also decline as consumers adopt quicker and more convenient
Copyright 2016 Liberaland
3 responses to Phones to replace cash soon
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Suzanne McFly April 19th, 2016 at 09:27
I seen a story saying ATM’s are going to start using phones as well to prevent theft using card readers.
oldfart April 19th, 2016 at 10:14
A couple of thoughts on this,
You don’t have the cash to buy the freaking phone
And
One really bad solar flare…
amongoose April 19th, 2016 at 11:38
How does that go?
When the lights go out, cash is king.
In many emergency situations your phone won’t work, then what?