It seems that the world is definitely moving towards the idea of a cashless society. Tim Cook recently made a comment concerning this matter.
According to the chief executive of Apple, by the time current university students begin to raise their own children, our world will stop using cash for monetary transactions. Their children will not be familiar with today’s form of money.
The use of cards and smartphone apps for monetary transactions is on the rise. Applications like Apple Pay and Google Wallet and other similar inventions will be used instead of cash.
Even though cash is still present in our society, it will be replaced by other means of payment.
He also said that he is going to fight against The Draft Communications Data Bill, which is also known as snooper’s charter.