Somini Sengupta of The New York Times argues that with mobile phones containing "the essentials of what we need to make transactions," cash and credit cards will soon be a thing of the past. I love the examples of the "Post-Cash, Post-Credit-Card Economy" she gives below:
You walk into a cafe, order a macchiato, give your name to the barista and let him give you the once-over. That's it. Payment made.
At Home Depot on a purposeful Sunday, you load your cart with lumber and light bulbs and instead of pulling out your wallet, you type in your cellphone number and a PIN. Payment made.
In London, travelers can buy train tickets with their phones -- and hold up the phones for the conductor to see. And in Starbucks coffee shops here in the United States, customers can wave their phones in front of the cash register and without even an abracadabra, pay for their soy chai lattes.
|After NSA Revelations, Brazil Looking into Detaching Itself from US-Centric Internet|
|Google Announces Android Wearables|
|Website Dedicated to Starship Research and Development|
|Bionic Hand Restores Sense of Touch|
|First Hand Experience of What Using Google Glass is Like (via @joshuatopolsky)|
|“We estimate the dynamical lifetime of the Tesla to be a few tens of millions of years.”|
|"What if plant cells could be grown for food by regular people."|
|“Facebook is a declining power.”|
|The 24 Carrot Cake|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|CaptchaTweet: Write Tweets in Captcha Form|
|The (Very Scary) People of Public Transit|
|"Automation will disrupt millions of Canadian jobs, not far in the future, but in the next dozen years."|
|“What happens when anyone can make it appear as if anything has happened, regardless of whether or not it did?"|
|How to Avoid Jury Duty|
|Fake Name Generator|
|“We are considering public transport free of charge in order to reduce the number of private cars.”|