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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'.
Interesting take and background on this idea, and some why it's a bad idea: http://thelongandshort.org/soc...
So you're the asshole holding up the line while you pay with a card!! Three cash transactions can be done in the time it takes for you to use your slow-ass method.
And I know a lot of people who carry cash and own Apple products. My guess is that most of them make considerably more money than you do.
I agree. I don't even usually pay in cash and my credit card offers me the luxury of spending way more cash than I would ever like to carry around, but $300 is about right. If for some reason my credit card stops working or I lose it (both of which have happened to me before), $300 should be more than enough to see me through to whenever I can fix it.
Allowing you to spend more money than you have is the entire point of CC's.
Now I've moved to the UK, I'm quickly running out of reasons to use a credit card. if I want to buy a car, Faster Payments via my bank account is cheaper and instant. My basic debit card has a spending limit of however much I have in my account.. The only reason I still have a credit card is for deposits when renting a car or getting a hotel room, even then I just pay on my debit card.
Between cash for small transactions, debit for larger ones and instant bank transfers for thousands of pounds worth... I'm covered.
I couldn't get rid of cash even if I wanted to, too many things I do depend on it. If I want to park, more often than not I need a pound coin or 3 (a lot of parking in the UK is paid, I much prefer the validation system that is commonplace in the US), coin op laundries, buying a drink or a bit of food (especially from a street or van vendor). I cant imagine how much trouble people have to go to in order to be "cash free"... and given how much they mention it, "I've gone cashless" is the 2016 version of "I dont even own a TV".
BTW. I do own a TV, even though I rarely watch it.
Oh right, the summary says he only makes most of his purchases with Apple Pay.
The only people I know who even use Apple pay are hopeless Apple fanboys. Apple pay is just a wrapper for a credit card, which is why they have the same limitations as other forms of contactless transactions, which means it's easier just to whip out the plastic if you have an allergy to coins, notes and low prices.
Calling someone a "hater" only means you can not rationally rebut their argument.