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Author Topic: 2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert  (Read 999 times)
julz
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October 17, 2012, 01:19:21 AM
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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.
...

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
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kiba
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October 17, 2012, 01:28:57 AM
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What people think of as dirty money is what I called privacy money.

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October 17, 2012, 04:00:15 AM
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"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%?

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October 17, 2012, 05:23:09 AM
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"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.

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Gabi
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October 17, 2012, 05:35:09 AM
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Using cash for payments has become unsustainable
Lolwut? Epic idiocy  Roll Eyes
TheButterZone
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October 17, 2012, 06:52:09 AM
 #6

Cash doesn't have capacitive touchscreens... yet.

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October 17, 2012, 09:33:42 AM
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"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.

Bitcoins - Because we should not pay to use our money
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