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Cash will disappear within a generation, Apple chief predicts

Technology - Apple predict children will not know what cash is - SantanderCB

Apple's chief executive Tim Cook has predicted that the next generation of children will not know what cash is. According to Payments UK, cash still accounts for over half of payments by consumers, but its use is declining as people switch to cards and phone apps such as Apple Pay and Google Wallet. Answering questions from students at Trinity College Dublin yesterday, Cook said: 'Your kids will not know what money is.' People can now use 'tap and go' technology for any transaction under £30, making it more likely to be used in shops and restaurants.

 

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