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RFID Tags in Euro Banknotes

Posted by michael on from the mugger's-delight dept.

psychictv writes "CNET News.com is reporting that Euro notes could be embedded with RFID tags in the future. 'RFID (radio frequency identification) tags also have the ability of recording information such as details of the transactions the paper note has been involved in...'" The EU has been considering this for a while. You'll never even know they're there.

4 of 475 comments (clear)

  1. If you'll never know that they're there... by Angry+White+Guy · · Score: 5, Interesting

    They'll never notice that you've taken them out.

    Micrrowave your cash today!

    --
    You think that I'm crazy, you should see this guy!
  2. One question... by HomerNet · · Score: 5, Interesting

    Why bother? Why not push for full digital convergence and have everyone use EFT for ALL transactions? We're headed that way anyway, I haven't used paper cash in nearly a month now for anything.

    --
    I have no tag line
  3. Re:New mugging tool by KDan · · Score: 5, Interesting

    Yeah but a rfid-reader wallet connected to the net could report that you've been mugged immediately and 'deactivate' all those notes, making the mugging pointless (the money stops working in all rfid-aware connected cash registers)...

    Daniel

    --
    Carpe Diem
  4. Will this revive bartering? by jcknox · · Score: 5, Interesting

    Remember back in 1999 when people were talking about how the Y2K bug would result in society reverting to bartering & precious metals currency?

    I wonder if eliminating cash as a nontraceable currency will prompt the emergence of additional non-fiat currency preferred by the privacy-conscious.

    I can hear it now: "That non-DRM PC will cost you $3000 credit, $2900 cash, $600 in gold, or 10 cartons of banned cigarettes."