Money, money, money

August 16, 2013

$1 notePaper money and coins seem so old fashioned now.

In Australia we began the march towards plastic money in 1974 with the introduction of the first mass credit card – BankCard and towards digital banking when online banking became possible in 1998.

At both those events the mass outcry was “we will never use this”, but we have and we are very content.

In this radio interview we explore the Less-Cash society phenomenon and a future where banking and financial transactions will no longer be done via plastic credit cards and instead live inside our mobile devices and eventually into inhabit the digital nether-regions as they magically appear and disappear a myriad of devices, walls and holograms just when you need them.

Have a listen to this, the rising digital economy including BitCoin and Ven and my belief that we will soon see a global digital currency emerge to carry on from where PayPal, Visa, MasterCard and others are currently placed.


What do Ned Kelly, Al Capone and digital wallets all have in common?

March 1, 2013

ned kellyUp to this morning’s interview with Celine Foenander on ABC Local I would have said nothing, but one of the recurring questions I get asked around digital wallets is how secure they are?

The answer is very secure, because it’s in the interest of the banks and credit card providers to make it as secure as possible, but of course as secure as they make it, there will always be someone who will try to outsmart them, just like Ned Kelly and Al Capone.

We soon turned our attention to the digital wallet future; migrating our physical cards, licences, passports, airline tickets and other stuff on to our mobile phones;what and how we will use this new technology for in the very near future and whether physical cash is becoming extinct.

Another plus with this interview is that Celine thinks I’m funny, not strange funny, but ha ha funny – go figure!

Anyway, have a listen and let me know your thoughts on digital wallets, less cash society’s and whether you think you think you’ll use it or not.

Listen now: