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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Radio ID chips may track banknotes | CNET News.com. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Radio ID chips may track banknotes | CNET News.com
by dmv at 11:56 am EDT, May 23, 2003

]Japanese news agency Kyodo was reportedly told by Hitachi that the
]ECB has started talks with the company about the use of its radio
]chip in the banknote.

When anonymous cash becomes less so.

]"RFID (radio frequency identification) tags also have the ability
]of recording information such as details of the transactions the
]paper note has been involved in. It would, therefore, also prevent
]money-laundering, make it possible to track illegal transactions
]and even prevent kidnappers demanding unmarked bills," Chopra said.

Because they won't figure out a different negotiable but less traceable currency...


 
 
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