City Without Physical Money
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ORE nations than ever before are showing interest in a purely electronic system for managing people’s records, funds, and vehicles. Take, for example, this older story on the use of biometrics. Cities and individual shops can already make authentication immediate when payment are being made. More latterly, a city in France began testing the idea of cities where cash is a antiquated notion of the past.
The tourist city of Caen in Normandy is hosting a major European trial of the use of NFC (near field communication) – a mobile technology that can be used for anything from paying for groceries to finding out about your home town.
