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. ...