Money Shot: The Beginning Of The End For Cash?

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According to the comics of the last 50 years, the future would be one long time of leisure. By now, we’d have moonbases, flying cars and robots to attend to our every need.

Instead, the moon is a forgotten, lifeless dusty shell, cars clog up our roads and if you can find a robot capable of more than a few token gestures before it falls flat on its face, you’re doing pretty well. But as we face up to our brave same old, same old world, there is one prediction that is, if not knocking on the door, is at least approaching from the bus stop down the street.

The cashless society.

Umpteen pulp stories, or sci-fi novels boast about how money has long been discarded by the gentle, enlightened society. But, cynic that I am, I was still less then impressed by the mailshot I received from Barclays today.

The bank has joined forces with Orange to launch the Samsung Tocco Quick Tap Phone.

In short, according to the blurb: “It lets you pay for things £15 and under – like coffee, sandwiches and magazines – quickly and easily. So no more fumbling for change at the till. Just tap to pay, and go.”

Now I don’t know about you, but I don’t tend to get frustrated at having to dip into my pocket for a handful of change. And I’m willing to bet it scores fairly low on anyone’s scale of irritants, certainly behind screaming children in restaurants, queue-jumpers in pubs and, oh, pretty much everyone on reality TV.

Considering mobile phone theft is now scaling new heights, what an added bonus it may be to pinch someone’s phone that also carries a little spending power.  In fairness, Barclays and Orange have anticipated this and the user has the option to set up the phone with a PIN number, while Barclays also insist the phone will carry the same fraud protection as a card.

However, how the snappily-named Tocco Quick Tap compares to the iPhone in terms of other functions remains to be seen, but somehow I can’t quite see Apple shaking in their boots. It may just be the phone really is as safe as houses because it’ll be considered too uncool to steal.

It’s difficult to say if we’re standing on the edge of a brand new world. Personally, in this format, I can’t see it catching on in any big way, but I’m sure someone said that about the internet. Or it may be that someone else will pick up the ball and run with it using bigger, better technology. If that’s the case, pick up your Tocco Quick Tap soon, before it goes the way of Betamax and the Sinclair C5.

www.orange.co.uk/newmovement

Picture courtesy of Petr Kratochvil – http://www.publicdomainpictures.net