Hong Kong's Octopus

Reuters is carrying an interesting story about Hong Kong's Octopus smart card system, which serves as a mass-transit fare card and is now being accepted by merchants for small purchases. A magazine cover story from last year goes more into depth. Interesting to note that the system started off anonymous, and is now being converted into a personally-trackable system.

Comments

Taking currency out of the consumers hands

[DrugCheese]

And another way to take away something that is actually worth something and replacing it with something plastic.

... since that perty paper money was worth so much more ...