Maybe it was the Olympics and South Korea, or maybe I was listenting to a podcast and this was about China, eitherway the enlightening information was that in the large cities of this country cash was becoming almost non-existent. To drive home the point, beggers now hang a QR code around their neck because no one has cash to drop in their cup. People use their cell phones for the majority of purhases, not even credit cards.
In a separate story, (90% sure S.Korea), they now have convenience stores that have no humans. You swipe your credit card as ID to get in the door, then you collect your items and pay. There is a phone in case you need someone to help you with something.
Like the man said, the future is here, it is just not evenly distributed.
- Coming to a country near your. There is an investment to be made out there.
hmmm, maybe this was related tod Weibo, which has a very popular payment app. Tencent may have their own too. You can’t completely ignore Chinese stocks, I think there are less shenanigans going on these days and lots of leading edge technology growth (or at least the people are much earlier adoptors than we see in the US, so they are telling us what is coming).