Science Fiction Dictionary
A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  X  Y  Z

 

First Cashless Society - In Somaliland?

Tiny Somaliland, an unrecognized country in the Horn of Africa, has 3.5 million people, 53,000 square miles and runaway hyperinflation. Take a look at this picture of some money changers with their bricks of cash.


(Somaliland money changers with bricks of cash)

For every dollar there are almost 17,000 Somaliland Shillings and the highest-denomination note is 500 Shillings, which is by no means the most common note in circulation. Money-changers sit within self-built stacks of money (picture left, video below) and children take wheelbarrows of it from one place to another...

A significant diaspora send American dollars home by using Dahabshiil, an African version of Western Union that is extraordinarily efficient... Selesom, the major mobile carrier has launched a service where cash is completely bypassed...

The diaspora will continue to wire money home but the recipients will no longer need to go to a bank or visit the money-changers.

They will only need their mobile for all transactions...

SF fans have seen cashless society idea before. The earliest exact reference I know about from sf (or anywhere else) comes from the prescient 1965 novel The Age of the Pussyfoot by Frederik Pohl. In the novel, the joymaker (a combination PDA, cellphone and information network browser that is still way ahead conceptually of Apple's iPhone) can be used to make purchases:

To use your joymaker as a credit card: You must know the institutional designation and account spectrum ...
(Read more about Pohl's cellphone credit card)

Learn about more ways to pay with your cellphone. Via Techcrunch.

Scroll down for more stories in the same category. (Story submitted 9/5/2010)

Follow this kind of news @Technovelgy.

| Email | RSS | Blog It | Stumble | del.icio.us | Digg | Reddit |

Would you like to contribute a story tip? It's easy:
Get the URL of the story, and the related sf author, and add it here.

Comment/Join discussion ( 0 )

Related News Stories - (" Culture ")

Ulm Sleep Pods For The Homeless
'The lid lifted and she crawled inside...' - Larry Niven, 2000.

Prophetic Offers Lucid Dreaming Halo With Morpheus-1 AI
''Leads trail away from insertion points on her face and wrist... to a lucid dreamer...' - Peter Watts, 1999.

Navajo Say Human Cremains On The Moon Is 'Desecration'
'Like all loonies, we conserve our dead...' - Robert Heinlein, 1966.

Drones Participate In Buddhist Rites
'...a prayer wheel swung into view and began spinning at a furious pace.' - Roger Zelazny, 1967.

 

Google
  Web TechNovelgy.com   

Technovelgy (that's tech-novel-gee!) is devoted to the creative science inventions and ideas of sf authors. Look for the Invention Category that interests you, the Glossary, the Invention Timeline, or see what's New.

 

 

 

 

Science Fiction Timeline
1600-1899
1900-1939
1940's   1950's
1960's   1970's
1980's   1990's
2000's   2010's

Current News

Ulm Sleep Pods For The Homeless
'The lid lifted and she crawled inside...'

Prophetic Offers Lucid Dreaming Halo With Morpheus-1 AI
''Leads trail away from insertion points on her face and wrist... to a lucid dreamer...'

More Like A Tumblebug Than A Motorcycle
'It is about the size and shape of a kitchen stool, gyro-stabilized on a single wheel...'

Tesla Camera-Only Vision Predicted In 1930's SF
'By its means, the machine can see.'

First Ever Proof Of Water On Asteroids
'Yes, strangely enough there was still sufficient water beneath the surface of Vesta.'

Aptera Solar EV More Stylish Than Heinlein Steel Tortoise
'When confronted by hills, or rough terrain, it did not stop, but simply slowed until the task demanded equaled its steady power output.'

Gigantic Space Sunshade Would Fight Global Warming
'...the light of the sun had been polarized by two crossed fields so that no radiation could pass.'

Untethered Spacewalk's 50th Anniversary
'But that space walk of mine wasn't so very amazing.'

ESA Designs Huge Inflatable Moonbase
'It was like being inside a balloon; indeed, that was exactly where he was.'

AlphaGarden Robot Cares For Gardens Better Than Humans
'...a simple clock-set servok with pipe and hose arms.'

Let's Make Slaver Sunflowers! Engineering Plants To Reflect Light
'The mirror-blossom was a terrible weapon.'

TeslaBot Uber Driver (2024) And The Automatic Motorist (1911)
'Robots have worse problems than anybody'

DiffuseBot Uses Generative AI To Invent New Soft Robots
'It embodies several small-scale multiple stampers, apparently for dealing with sheet metal.'

Philips Smart Palm Recognition Smart Deadbolt
'A palm lock must be keyed to one individual's hand shape...'

BMind Smart Mirror from Baracoda
Mirror, mirror, on the wall, who has the greatest wellness of all?

Ballie Your AI Robot Companion From Samsung
Projects your content anywhere you like.

More SF in the News Stories

More Beyond Technovelgy science news stories

Home | Glossary | Invention Timeline | Category | New | Contact Us | FAQ | Advertise |
Technovelgy.com - where science meets fiction™

Copyright© Technovelgy LLC; all rights reserved.