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.
|"The loss of jobs representing 1 percent of the U.S. workforce will be a devastating blow to the economy."|
|"The car is growing beyond its role as a mere means of transport and will ultimately become a mobile living space."|
|FastMac's U-Socket, the Smart Outlet of the Future|
|Global crisis 'to strike by 2030'|
|"The evidence of dramatic change is all around us and it’s happening at exponential speed."|
|Folding Laundry Without Arms or Legs|
|“[T]here has never been this kind of financial incentive to make shorter songs.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|How to Avoid Jury Duty|
|“A short cut through spacetime allowing for travel over cosmic scale distances in a short period.”|
|“If you fell asleep in 1945 and woke up in 2018 you would not recognize the world around you.”|
|Recycled Vacuum Lamps|
|Google Map Shows You the Most Photographed Areas of the World|
|The (Very Scary) People of Public Transit|
|“Reliably bottling up miniature stars, inside complex machines on Earth, demands otherworldly amounts of patience.”|
|Time Lapse of Planet Earth as Seen from the Space Station|