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.
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|“Human and animal cells can be 3D printed into high-resolution tissue.”|
|“This conversation about how technology is hijacking people is really catching on.”|
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|“Our Internet handlers, not government, are using operant conditioning to modify our behaviour today.”|
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|“We’re going to start to see chip implants get the same realm of acceptance as piercings and tattoos.”|
|“The shift from fuel and pistons to batteries and electric motors is unlikely to take that long.”|
|“Eliminating the time needed to stop and re-charge a conventional electric car’s battery.”|
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