The E-Sylum:  Volume 5, Number 36, September 8, 2002, Article 12

CASHLESS SOCIETY

Visa isn't the only contender to displace currency, as
a Sept. 5, 2002 article on CBS MarketWatch.com
notes:

"Imagine paying for your groceries with a wave of your
hand, then driving to the gas station and flashing your
wristwatch at the gas pump to "beep" your purchase
right out of your bank account.

And if you don't like wearing a watch, there's always the
key-chain transponder, which works at the pump, the
convenience store, and even some McDonald's. A
burger and fries at the wave of your keys.

Welcome to a wallet-less world -- almost. Fingerprint
scanners are still in test-phase at grocery stores in Seattle
and Texas, and Exxon Mobil Corp. is piloting the
transponder-embedded watch."

[So, readers - any thoughts on the long-predicted demise
of coins and currency?    While I agree that electronic forms
of payment are gaining by leaps and bounds, they will always
have limitations.  While diminishing in relative importance,
cash still has a role to play.  Just as television never eliminated
radio, both types of payment can find a way to coexist.
Or is the disappearance of coin and currency inevitable?
-Editor]

  Wayne Homren, Editor

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