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Title: 2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert Post by: julz on October 17, 2012, 01:19:21 AM Quote Mobile phones the only tech to rid dirty money: Expert Summary: Using cash for payments has become unsustainable, and mobile phones are the only viable technology to supplant cash, according to Consult Hyperion Director David Birch. Spandas Lui 2012-10-17 http://www.zdnet.com/au/mobile-phones-the-only-tech-to-rid-dirty-money-expert-7000005892/ ... Thanks to the global financial crisis, which has lowered confidence in incumbent payment systems, there is now wider acceptance in using alternative currencies such as bitcoin, according to Birch. Payment companies need to make a note of this trend if these alternative technologies continue to gain momentum, he said. ... Title: Re: 2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert Post by: kiba on October 17, 2012, 01:28:57 AM What people think of as dirty money is what I called privacy money.
Title: Re: 2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert Post by: Stephen Gornick on October 17, 2012, 04:00:15 AM Quote "In a country like Norway, which is by no means a lawless country, something like 70 percent of all the money in circulation is only used for criminal purposes," Birch said That can't be accurate. 70%? Title: Re: 2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert Post by: vokain on October 17, 2012, 05:23:09 AM Quote "In a country like Norway, which is by no means a lawless country, something like 70 percent of all the money in circulation is only used for criminal purposes," Birch said That's can't be accurate. 70%? Possibly most 'legitimate use' is money transactions through electronic means. Title: Re: 2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert Post by: Gabi on October 17, 2012, 05:35:09 AM Quote Using cash for payments has become unsustainable Lolwut? Epic idiocy ::)Title: Re: 2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert Post by: TheButterZone on October 17, 2012, 06:52:09 AM Cash doesn't have capacitive touchscreens... yet.
Title: Re: 2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert Post by: istar on October 17, 2012, 09:33:42 AM Quote "In a country like Norway, which is by no means a lawless country, something like 70 percent of all the money in circulation is only used for criminal purposes," Birch said That's can't be accurate. 70%? What a joke. What a load of propaganda BS. This just takes the price. ROFL. |