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Apple CEO Tim Cook: 'We're Going To Kill Cash' (cnet.com)
At a media event on Thursday, Apple CEO Tim Cook said that the Touch ID on the new MacBook Pros will make it incredibly easy for people to do online money transactions. After the event, speaking to reporters Cook made a bold statement about how he sees Apple Pay. CNET reports: "We're going to kill cash," he said. "Nobody likes to carry around cash." He makes most of his purchases with Apple Pay (which is not surprising).Cook's comment comes days after Australia's top banks refused to support Apple Pay, saying that the company has been 'intransigent, closed and controlling'.
I haven't carried cash this millennium. I use my debit card for everything.
Apple can't do anything about the people who still carry cash, though--those people can't afford Apple devices.
One valuable lesson from the power failiure in South Australia, was the need to keep cash. All forms of electronic payment wete useless.
But you're wrong. There are a metric crapton of us out here who like to carry cash.
And non-US citizens. I would much rather carry cash than a card. It's convenient. It's anonymous. It's universal. It doesn't need power or an internet connection to use. It takes up less pocket space than a card (and is physically more flexible). And if I get robbed it automatically limits losses.
Nobody likes to carry around cash
Well, I prefer to carry cash rather than to disclose what I buy and where I am to banks and others that piggy back on them.
Today's dime was 1970's penny. 1970 prices:
McDonald's Hamburger 12 cents
Pepsi 10 cents
candy bar 5 cents
Cigarettes 25 cents
Gasoline 25 cents
Ajax Cleaner 15 cents
Alka Selzer 39 cents
Apples 14 cents per pound
Bananas 12 cents per pound
Bathroom Tissue 13 cents
Birds Eye Cool whip 38 cents
Campbells Tomato Soup 10 cents
Clorox bleach 38 cents
Dogs Food $1.00 for 12 cans
Fresh Beef Liver 49 Cents per pound
Frozen Vegetables 25 cents for 2 pks
Ground Round 79 Cents per pound
Head and Shoulder Shampoo 79 cents
Heinz ketchup 19 cents
Idaho Potatoes 98 cents for 10 pounds
Miniimum wage was $1.40. So why is it not $14 today? And why do pennies and nickles still exist? ...
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Stupid slashdot, those were spacers to make the post more readable. Now gone, idiots. Happy?
Free Martian Whores!