Do not give up money yet, but we will go without money.


I have not had a penny, a dime or a penny in my pocket for two years. I have a $ 20 pack behind my iPhone, just in case, but rarely, if ever, to recover it.

Why bother? We are now living in what is becoming a society without money, where credit cards or electronic payments are settled.

As I do not live in an area where the morning bus ride requires exact changes, I am in great shape. I never have to worry if I have enough money on me to spend the day.

Do not tell the mayor of Philadelphia.

This week, Jim Kenney has signed a new law specifically prohibiting stores that do not accept cash. This includes Amazon Go stores, which require an application to enter and do not have a cash register. The store's cameras and sensors watch you shop around and add your goods to the bill via an acknowledgment sent by email after you leave.

Mr. Mayor. This is happening all over the world, not just at Amazon. We go without money. Maybe not in your lifetime, but certainly for millennia. Banks and credit card companies want this to reduce the costs of dealing with the environment. The selected merchants are interested in it now.

The chain of healthy restaurants Tender Greens, operating in California, New York and Boston, has stopped accepting cash in 2018. "Over the years, we have found that the percentage of our cash transactions dropped significantly – to a number, "notes the company. on his blog.

"It seems like people are moving away from money and that technology is making it easier than ever to use it." Advantage: Faster cash lines, removal of money collection fees for customers armored vehicles and afraid of employees being robbed.

An assortment of food trucks and restaurants in the San Jose, Houston and Chicago areas note their no-cash policy on the Visa website touting the company "no cash".

That said, the reasoning of the mayor is valid. He added that cashless stores exclude poor people who do not have the credit to get a credit or debit card. I understand that.

Does this mean that they can not afford a smartphone either? Imagine living life in the world today without one of those. (OK, that's another story.) And speaking of our great work here in the US TODAY, Edward C. Baig has weighed in on the demise of the physical portfolio this week.)

So suppose one has enough money to raise $ 89 to get an Alcatel Tetra from the Mint Mobile website and have a bank account. Can I point out that smartphone payment services such as Venmo can be linked to your bank? No credit card required.

Just say.

In the United States, Charisse Jones, Charisse Jones, discovered that cash purchases accounted for 30% of all retail transactions compared to 40% in 2012. Generation Y, she noted this week, said no to money, with 21% of 23 to 34 year olds reporting that most of their transactions were in cash in 2016.

And it's not fair here. In China, the Hema supermarket chain has opened by stating that it would only accept mobile payments via Alipay, from online trading giant Alibaba. (The company had to pull out when seniors complained to the government.) However, according to a study released by the Nikkei Asian Review, about 98 percent of Chinese urban residents buy with a mobile subscription.

In Sweden, people take the cashless transfer so seriously that many banks have stopped shipping cash. An IKEA store is testing the cashless concept in Gavle, north of Stockholm. Sweden is the country where many citizens have agreed to have embedded chips in their bodies to ensure faster cashless mobile purchases and public transport tickets.

Mobile payment still accounts for a small share of retail sales, but it is rising sharply. Target, a long-term company, has just added Apple Pay to one of its options, along with Best Buy, CVS, Costco and other giants of the large retailers who now accept payments via iPhone. Walmart, the largest retailer right now, is the only big case left.

It has its own mobile payment app, which links bank payments to QR codes.

And Mr. Mayor, good news for you. Walmart still accepts money, too.

But for how long?

In other new techniques this week

Facebook co-founder Mark Zuckerberg has announced a new "confidentiality" center for the social network, by combining Messenger, Instagram and WhatsApp. In the new infrastructure, the three applications would remain separate while allowing users to chat with each other, regardless of their platform. Zuckerberg said in a blog post that he thought that private and encrypted communication would be the most popular way to interact in the future. "In thinking about the future of the Internet, I think a privacy-focused communications platform will become even more important than today's open platforms," ​​Zuckerberg said. "I expect that future versions of Messenger and WhatsApp will become the primary means of communication on the Facebook network."

Apple CEO Tim Cook has been amused by the mismanagement of his name by President Donald Trump, calling him "Tim Apple", changing his Twitter account for that. The twitterverse has eaten it.

Amazon has disconnected 87 of its ephemeral shops. Stores in a store at Kohl & # 39; s and Whole Foods will soon close, as the online retailer strives to open more Amazon Books and 4-Star stores, which focus on Amazon products .

Speaking of Amazon, ICYMI, we did a deep dive of Talking Tech this week on two really great new products that get Alexa into the car. Roav Viva ($ 49.99) and Garmin Speak (starting at $ 99), plug it directly, access the internet from your smartphone, and you can now ask Alexa for music, news and podcasts on order, as well as on your schedule. and weather radar, and most importantly, be able to use your voice to find a nearby gas station. No car should be deprived of it unless you can do all that with your current system.

This week's Talking Tech podcasts

Lyft spends a lot of money to make money

Samsung Galaxy S10 Overview

Which video camera should I buy for vlogging?

"Alexa, what can you do in the car?

What's new with Pandora

We had another rainy week in Los Angeles. So naturally, I'm still out with my camera. The joys of shooting in the rain? See below.

That's all for the new Talking Tech. Sign up for your weekly update, Listen to the daily Talking Tech podcast on Apple podcasts or wherever you listen to audio online, and follow me (@jeffersongraham) on Twitter, Instagram and YouTube.