Cashless SK

Abstract

Broadcast Transcript: Wither cash? And while we're asking, wither wallets? If the South Koreans have their way, the answer will be the way of the dinosaur. South Korea is aiming to become a cashless, walletless society by packing everything the modern consumer needs into one tiny hyu-dae phone which is Korean for cellphone. Already people in the land of ultra-high-speed broadband use their hyu-dae phones for alarm clocks, public transportation fares, watching TV and marking attendance in class. And then there's T-money stored on the SIM card and chips that can contain up to 100 credit cards. There's even mobile gift giving which allows users to send, say, a Starbucks icon to a friend's hyu-dae phone which can then be redeemed. We'll know they've reached the hi tech event horizon when they can say "Beam me up a non-fat frappuccino latte, Scotty." #ceas #hacker #SouthKorea