Cash faces stiff competition from electronic payment methods in the coming years as consumers realise the benefits of emerging technologies.
That's according to Gartner analysts who predict making payments through mobile phones using virtual currencies -- such as Second Life's Linden dollars -- could be a reality in the not too distant future, making cash obsolete.
Speaking at Gartner's ITxpo in Cannes, Gartner principal analyst Alistair Newton said: "With digital money, we believe we're on the cusp of the next revolution."
According to Newton, the first money revolution was the move to paper money, which proved it's possible for money to evolve without significantly causing problems....
Mammon is at work!! And we all know who the god of this world is.
This method of plastic card payment will leave the rich getting richer and the poor getting stuffed.
The plastic process will engender less freedom in society. Where money is free from all big brother constraints, the card will record and register every move and history of your financial life.
The poor will suffer from bureaucratic monitoring and less involvement within a society run by mammon. Freedom has a price tag in this society payable only by those who are rich enough. After all they rule society anyway.
In Finland, we can pay by a bank card, the groceries, etc., then it is deducted from our account. I like a little money in my pocket to buy my morning or afternoon coffee with the boys. Terv. davey
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Dr. Alan Cairns | 3/9/2009
COMMENTS | 
mike from new york: "yawn"
