Re: Electronic money
Nicholas Bohm <[email protected]> Mon, 08 Dec 2014 11:14:47 +0000
| Newsgroups | gmane.law.cryptography.uk |
|---|---|
| Message-ID | <[email protected]> |
On 07/12/2014 11:30, Roland Perry wrote: > In article <[email protected]>, Nicholas Bohm > <[email protected]> writes >> And if the banks really succeed in phasing out cheques, will >> they start demanding credit cards? > > They can't phase out cheques without introducing something to replace > them, and iirc that's why the process is delayed. What form it will > take is I expect undecided, but t could be a sort of cross between a > cashier's cheque, a Postal Order, a book token and pre-paid gift card > (often retailer-branded but there's at least one with wide acceptance > in the High Street). [ ... ] Jack Lang and I wrote an article <http://www.ernest.net/writing/Abolition%20of%20cheques%20article.pdf> suggesting one way to do it, using digitally-signed instruments. I doubt if the banks will take it up - I'm sure they'll prefer to invent it themselves. Nick -- Contact and PGP key here <http://www.ernest.net/contact/index.htm>