We are living in exciting times. The Signposts point to Jesus soon return.

Friday, October 10, 2014

The future of money in Canada is digital

Prophecy Sign;  The coming cashless economy

With the advent of technology the need for actual cash monies is fast disappearing and the emergence of digital commerce is the way of the future.  This trend will make it very easy to control the ability of any one person to buy or sell in the new economy.  Especially when people are so ready to accept facial recognition, (mark to the head), and chip implanted finger/palm identification, (mark to the hand).

It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. Revelation 13:16-17 NIV

The future of money in Canada is digital
Technology-loving Canadians are paving the way for a brave new shopping environment that may soon see us using watches, eyeglasses and even kitchen appliances to make purchases more often than cold, hard cash, according to a new PayPal Canada survey examining our changing retail habits. Indeed, so enamoured are we already with convenience, experts predict the future of money will eventually become digital and mobile. “We are on an exponential technology curve where one year to the next massive transformations are taking place,” says Doug Stephens, a Toronto-based retail industry futurist.

Here’s what the future could look like, according to survey results:
More than a third (35 per cent) of Canadians said they would be likely to use an Internet-enabled car to pay for gas at the pump;
About 22 per cent indicated they would use an Internet-enabled fridge to shop and pay for food from an online grocery store;
Using a watch or bracelet that the wearer pays for in-store purchases was popular with 23 per cent of Canadians. Internet-enabled glasses won interest from only 12 per cent.
The same number (22 per cent) said they would be comfortable using facial recognition technology or a retinal scanner to pay for items in a store; while
One in about five Canadians (18 per cent) is willing to use a chip implanted in a finger to tap in order to complete an in-store payment. 

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