The Cashless Society: The Hard Road Towards an Easier Way to Pay

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Cash is sad and filthy - time for change

Forget cash, cards, or whipping out your smartphone.

Shoppers could soon be paying for goods simply by picking what they want and walking out the door.

It’s simple, really. A chip in each item detects your selection and a 3D scanner above the doorway could check your identity against a database and debit your preferred account.

Rather than being a dystopian vision of the future, online shopping giant Amazon has already made this a reality at its checkout-less Seattle store.

Using the same biometric scanning technology we see at Customs Smartgate kiosks in international airports, customers are able to check in via a smartphone app as they enter the store, which automatically detects when products are taken from or returned to the shelves and keeps track of them in a virtual cart.

It’s little wonder that many central banks are acknowledging that the latest polymer banknotes will probably be the last they print.

But how close are we to having micro-chip implants embedded under our skins to make payments?

Like the Amazon stores, this has also already arrived.

One Swedish startup gives its workers the chance to have microchips the size of grains of rice inserted under their skin that can open doors, operate printers, or buy smoothies with a wave of the hand.

The pace of change sweeping the banking and payment industry is reaching a “tipping point”, according to many academics and banking experts.

Shop assistants are on auto-pilot keying in Eftpos transactions even before checking how consumers intend to pay – and then having to cancel the transaction when someone pulls out a $20 bill.

HSBC bank digital transformation head Jiggy Jizwid says it is combining its internet banking app with Apple’s Siri and voice biometrics, so customers could securely transfer money to a friend just by saying “pay Muhammad $50” to their smartphone.

He says people may want to pay for transport using smart watches or rings, but prefer a different payment device in a posh shop.

We are sure there will be new things that we have never dreamed of!

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19 Comments on "The Cashless Society: The Hard Road Towards an Easier Way to Pay"

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John Sakars
John Sakars

Maybe one day antifa hackers will break into all the banks and take away all the money. A moneyless world would be awesome! Imagine never having to worry about money ever again.

MillionDollarBonus

Exactly – once we’re free from worrying about money, we can all be full-time activists like you John! I can’t wait!

John Sakars
John Sakars

One nice thing about activism, is that it gives me a reason to live. Without activism I’d be thinking to myself, “What the f**k am I even doing here?” Haha

MillionDollarBonus

You’re a hero John. Everyone looks up to you.

Anon
Anon

Blacks have this “no money thing” in Africa.

Rumor has it that it is the reason they are invading Europe.

MillionDollarBonus

Wow this is so exciting! I want to get my chip done early before everyone else gets one. Is there an Apple version? I’m an early adopter of all things Apple, because unlike other non-accredited corporations, Apple is progressive and friendly.

Why do right-wingers and conspiracy theorists always oppose new technologies that make things more convenient? Like smart gadgets that listen to you and record you? So what if the CIA is listening to us – not trusting to the CIA is madness. Only idiots don’t trust their own governments.

littleshoppinlucy
littleshoppinlucy

I can hardly believe how backwards old people are (except for you MDB) – imagine dating people of your own race and paying for stuff with dirty pieces of paper 🙁 I’m so happy that us young people are much more enlightened and progressive.

MillionDollarBonus

Young people are so well adjusted. Just look at how free they are to express their gender and species identities! The world needs to adjust to young visionary progressives by addressing them by their proper pronouns and educating themselves on intersectionality, not the other way round.

Anon
Anon

It’s that living in the basement thing.

Once you leave, you see light, and are enlightened, while leaving the house after 2 months of slumming ( and no showers) is called progress.

Black Lives Matter

I’d like to see everyone chipped and then for the government to distribute the same items to everyone equally. That way, we will have true equality, and everyone will have what they need.

MillionDollarBonus

I think that’s a great idea BLM, but I disagree that everybody would have what they need after we did this. This would imply that there is some limit to the amount we want to raise taxes by and how equal we want things to be. From progressives, we know that taxes can never be high enough, and the proletariat will never have enough.

hungrypirana
hungrypirana

BLM, its been tried in Cuba and N. Korea. Visit to experience the result. If you go to Cuba say hi to your friend Ishmail, still free after murdering 8 and hijacking aircraft to paradise. https://www.nytimes.com/2017/07/08/world/americas/cuba-trump-extradition-hijacker-assata-shakur.html?smid=fb-share

#fake-news

Black Lives Matter

What about Cuba’s amazing healthcare? Health is wealth.

Anon
Anon

Cuba does not have the black on black violence of Chicago, thereby allowing people there to live longer

hungrypirana
hungrypirana

Paper currency can’t be hacked by Putin. Duh!!

Anon
Anon

Too bad it is only backed by the full faith and credit of Jews.

It should be backed by body parts as well.

#body-shaming

Anon
Anon

For SHAME

Here I am proposing having money backed by actual organs which can be claimed by anyone wishing to go the ‘trans” route, making the process smoother, and I get red flagged.

What would have happened if I had proposed that money be backed by animal parts, such as boars tusks, for those wishing to go the “trans-animal” route?

Would I be charged with cruelty to animals when my proposal makes it easier for people wishing to go the “trans-animal” route and become outright animals?

There is just no satisfying some people.

#transphobic

Vladmir Putin
Vladmir Putin

Try giving a $20 bill in a store, the cashier will either check with a counterfeit detecting marker pen, or UV reader.
Currencies can be printed by people who have the equipment. Governments haven’t found it profitable to push fake currencies, but at some point they’ll find it profitable.

Anon
Anon

I am totally find waiting in a cashiers line as the person 3 up, pulls out a card, which turns out to be empty, then another card which turns out to be empty, then another card which also turns out to be empty, then finally pulls out a credit card which still has a few bucks under the credit limit and can then finally pay.

The the 2nd one up does the same thing

and the 1st one

and now its my turn and I just pass over some, cash get my change and go on my merry way

but what happens when the person has and expired chip, a hacked chip, or an empty chip

Is the store REALLY just going to let her leave with her bag full of chocolate?

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