Single Bitcoin mention
ALL CHANGE HAS CASH HAD ITS DAY?
Adrian Lee
2012-12-18
http://www.express.co.uk/posts/view/365599/All-change-has-cash-had-its-day-...
It’s been revealed that the Bank of England is considering the introduction of new harder wearing and environmentally friendly bank notes. The arrival of plastic money, from as early as 2015, could mark the end of a 300-year tradition of using paper currency in Britain.
Yet as part of a wider technological money revolution the idea of carrying any form of cash could eventually disappear altogether.
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In the nearer future the wallet, bulging with notes and plastic cards, could become a museum exhibit. In its place we’ll have virtual wallets on our computers and phones, which will allow us to see how much money they have in an instant.
We will no longer spend cash but some form of e-money which can be paid with a wave of a mobile phone over a bar code. There’s already one form of digital currency, called Bitcoin.
So far however no one has solved a big problem. What happens in this future cashless society when we lose our mobiles down the back of the sofa?
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