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NEW MONEY
New ideas and technologies are creating new payments systems and new forms of currencies that will completely change the way we make financial transactions,
And as more people choose (or are forced) to use these new currencies, paper bills and coins may become a thing of the past.
And as more people choose (or are forced) to use these new currencies, paper bills and coins may become a thing of the past.
by Ray Nelson
Possible Benefits
- More Convenient To Make Transactions
- More Environmental Friendly As Cashless Option Are Als Paperless
- Help Deter Illegal Transactions As New Payment Systems Will Record A Persons Transactions.
Fears & Concerns
- Cybertheft
- Privacy Issues
- Negative Impact On The Poor
- System Failure
Charg-It Card
Bank-issued charge cards originated in 1946 when a Brooklyn banker named John Biggins launched the Charg-It card. Charg-It purchases were forwarded to Biggins' bank, the middleman that reimbursed the merchant and obtained payment from the customer in what came to be known as the "closed-loop" system. Purchases could only be made locally and only bank customers could obtain a Charg-It card.
CreditCard.com
CreditCard.com
What Do You Think?
- New Money -
Should We Embrace It or Fight It.
- New Money -
Should We Embrace It or Fight It.