From: "Peter Hucker" 
Newsgroups: alt.conspiracy.new-world-order rec.collecting.paper-money alt.conspiracy uk.finance uk.legal
Subject: Re: All banknotes to have a 2D barcode?
Date: Sat, 15 Jul 2006 22:44:27 +0100

On Sat, 15 Jul 2006 21:21:59 +0100, Virgils Ghost  wrote:

> The ECB are looking into RFID, I think it should have been in place by now.
>
> However, given the growth in credit and debit card transactions, which have
> overtaken cash payments in the UK, is there much point? Banks dislike cash,
> there are security risks, reserve issues and the FRB system leaves them
> exposed to theoretical runs and credit crunches. The banks love the ability
> to generate liquidity for credit card transactions and all the associated
> merchant fees.
>
> Does paper money have much of a future? Enplanting notes with RFID chips is
> an obvious bridge technology, government would certainly like to track all
> possible transactions.

The only time I ever use cash is if I've been given some and wish to use it up.  Even the post office accepts a debit card.

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