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Europe Adding RFID Tags to Euro Currency

Posted by ryuzaki0 on from the concept-of-cash-being-eliminated dept.

An EETimes article a few days ago reports that the European Central Bank is planning to add RFID tags to euro bank notes. This would allow each bill to be tracked whenever it is used, and if the chip includes writable memory, to even record its own history.

2 of 449 comments (clear)

  1. Hackerz by Hoi+Polloi · · Score: 0, Redundant

    I can see it now, you go to pay for lunch and your cash comes up "This $ is owned by THE 3L1T3!!!" then the bill erases itself.

    When will we see Eurocash virses?

    --
    It is by the juice of the coffee bean that thoughts acquire speed, the teeth acquire stains. The stains become a warning
  2. Money Laundering?? by Rasvar · · Score: 2, Redundant

    I wonder what happens to one of these chips if it goes through the washing machine? Would give new meaning to laundering money!