Cashless future
The use of plastic to pay for even the smallest of daily purchases such as a bus trip has been on the rise for years.
The introduction of near-field communications (NFC) also means we will increasingly never see the money we own in a tangible form and begin to regard this situation as the norm.
NFC, a short-range wireless technology that enables two-way transactions between tags and readers held close to each other, is already in use with travel cards and some bank cards.
But the dominance of smartphones, which can accommodate NFC chips, has raised the probability that consumers are on the cusp of moving to a “wave and pay” model, cutting out the need for cash.
Some argue that cash is, if not dead, at least dying, and traditional ...
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