Nicholas West – September 20, 2017
The march toward a cashless society has now moved from the theoretical to the phase of widespread adoption. This is primarily due to developments in the tech sector that now enable the easy use of biometric recognition systems, as well as the increasing acceptance from a public who is becoming familiar with turning themselves into a password for their personal devices.
Behind the scenes, governments and corporations have been building the political and economic enticements via the Better Than Cash Alliance to ensure that the world eventually gets “de-cashed.” We’re now witnessing the full roll-out of an architecture that has been in development for many years.
China’s high-tech KFC recently made headlines when it began testing facial recognition payments in its KPRO store. Cashless agenda denialists, however, could readily point to China’s authoritarian government to ease any fears about an impending technocratic takeover occurring in the (supposedly) more democratic West.
Well, today’s cashless agenda news does come from the West, and it’s a world’s first. As reported by The Telegraph, London’s Costcutter supermarket has announced that its shoppers can now pay by finger vein scan.