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Old 02-04-2013, 10:17 AM   #9 (permalink)
desertT1
Slowly making progress
 
Join Date: Apr 2008
Location: Vail, AZ

Quote:
Originally Posted by CJOttawa View Post
I was watching CBC news this morning and they pointed out something like 80% of transactions are cashless already.

We're well on our way to fully cashless; if it saved time and money, I'd be all for ditching cash entirely but we need better ways to transfer money between people. (phone to phone, no fee instant transfers etc)
This is how many small businesses operate in Africa. Payments are made phone to phone from one bank account to another. The report I wrote was on leapfrogging of technologies and how Africans did pretty much just that by bypassing plastic as a way to make payments.

I wouldn't be offended if we did the same with the penny. It costs something like 1.4 cents per penny to make, so even the game of making money is losing money.
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Quote:
Originally Posted by neftaly View Post
New advertising tagline: "Simon Stevens said that will be totally fine and nothing bad could ever happen. Ever."
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