2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert

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Quote from: Stephen Gornick on October 16, 2012, 11:00:15 PM

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"In a country like Norway, which is by no means a lawless country, something like 70 percent of all the money in circulation is only used for criminal purposes," Birch said

That's can't be accurate. 70%?

What a joke.
What a load of propaganda BS. This just takes the price. ROFL.

TheButterZone

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RIP Mommy

Cash doesn't have capacitive touchscreens... yet.

Gabi

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Using cash for payments has become unsustainable

Lolwut? Epic idiocy Roll Eyes

vokain

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Quote from: Stephen Gornick on October 16, 2012, 11:00:15 PM

Quote

"In a country like Norway, which is by no means a lawless country, something like 70 percent of all the money in circulation is only used for criminal purposes," Birch said

That's can't be accurate. 70%?

Possibly most 'legitimate use' is money transactions through electronic means.

Stephen Gornick

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"In a country like Norway, which is by no means a lawless country, something like 70 percent of all the money in circulation is only used for criminal purposes," Birch said

That can't be accurate. 70%?

kiba

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What people think of as dirty money is what I called privacy money.

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Mobile phones the only tech to rid dirty money: Expert
Summary: Using cash for payments has become unsustainable, and mobile phones are the only viable technology to supplant cash, according to Consult Hyperion Director David Birch.

Spandas Lui
2012-10-17

http://www.zdnet.com/au/mobile-phones-the-only-tech-to-rid-dirty-money-expert-7000005892/

...
Thanks to the global financial crisis, which has lowered confidence in incumbent payment systems, there is now wider acceptance in using alternative currencies such as bitcoin, according to Birch. Payment companies need to make a note of this trend if these alternative technologies continue to gain momentum, he said.
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Topic: 2012-10-17 zdnet.com - Mobile phones the only tech to rid dirty money: Expert (Read 1132 times)