Apple boss: Next generation of children 'won't know what money is'

[singular_me]

well I guess he isnt lying here but my second guess is that local currencies, bitcoins and hard money will resist ...
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nov 11 2015
Apple boss: Next generation of children 'will not know what money is'
Tim Cook, chief executive of Apple, makes bold prediction about the death of cash as he promotes Apple Pay alternative

Tim Cook, the chief executive of technology giant, forecast the death of cash by the time current university students have a family.

Cash is still used for more than half of payments by consumers, according to Payments UK, the industry body, but its popularity is falling as people switch to cards and smartphone apps such as Apple Pay and Google Wallet.

http://i.telegraph.co.uk/multimedia/archive/03498/Apple_chief_execut_3498175b.jpg

"We plan to continue to encrypt end to end with no back door," he said. "We will productively work with the governments to try to convince them that's also in their best interests in the national security sense."

His views on the future of money represent one of the boldest predictions on the decline of traditional coins and notes.

http://www.telegraph.co.uk/news/shopping-and-consumer-news/11989595/Apple-boss-Next-generation-of-children-will-not-know-what-money-is.html

[Twisted Titan]

The majority are allways led by the nose and to the slaugthering knock box

Just like the majority turned in their gold when told to do so.

A smAll minority can read between the lines and navigate accordingly

Cash is King for a reason.

[madfranks]

Apple boss: Next generation of children 'will not know what money is'

That's like saying the next generation of kids won't know what food is or what clothes are. Money isn't going away, and the next generation of people will need money if they want to live in an advanced economy. I think what he's trying to say is physical cash is going away, but physical cash is not exclusively money, so he's a retard.

[gunDriller]

Heard about that.

Cook does not seem like an evil dark-hearted person.

But there's a reason for Cash.