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Re: PoorP-S post# 11016

Monday, 02/13/2017 12:04:50 AM

Monday, February 13, 2017 12:04:50 AM

Post# of 20056
Feb. 13 (Financial Review) -- The president of technology for payments giant Mastercard has tipped that Australia will be a cashless economy within the next five to 10 years as wearable technology takes over.
Speaking to The Australian Financial Review Mastercard's president of operations and technology, Rob Reeg, said the idea of a physical card would also become obsolete in five years.
"Eight out of 10 transactions here are contactless already ... I definitely think Australia will be cashless before the US," he said.
"It's going to become about the convenience factor, be it a ring or a phone or a bracelet [rather than a card]. Wearables will definitely come into play and that will tie into authentication as well."

I wonder if Chaya will now look at this potential and abandon the credit card? I remember she abandoned the MKR , and with production " hiccups" now stalling the release of the credit card, maybe she could invent a fingerprint swipe for bracelets and other wearable items...

stay tuned for another capital raising and attractive options ????
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