Monday, February 4, 2008
Coinage currency condensed
Imagine a bus pass sized card which slips into either a credit card terminal or some special reader/interceptor to eliminate the purpose of coin change. Basically the card holds a maximum of $50 lets say, and its purpose is to replace change, and fit in the wallet. I dont think this needs much more explanation, it seems very simple.
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It should be implemented as a "universally accepted" metro transit pass, doubling as an official escrow service, where computers can keep transaction data and determine which travel institutions get the money. Something like this is already being done in laundry-room facilities at apartment complexes.
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