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 ")
Buy A Galaxy? Maybe Start Smaller
'The sky is the limit' just got higher.
Is There A Global Problem With Who Is Having Children?
'After twenty generations of shillyshallying...' - CM Kornbluth, 1950.
Warfare Goes Underground In Ukraine
'Once in the very first weeks of the war, before everyone had been evacuated from the surface...' - Philip K. Dick,
The Wind Phone Calls Those Who Have Passed On
'Only I heard that!' - John Brunner, 1975.
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
'If Anyone Is Watching Earth...'
'Our study of your race has convinced us that you are not fitted to leave your planet in the present state of your civilization.'
Epirus High-Power Microwave Defeats Drones
'...the spreading beam of the deranging ray struck them, and Then one toppled and fell. Then another.'
Cloud Of Space Rubbish From China's Long March Rocket
'Within seconds the material was spread out over fifty yards, in a matter of hours it might occupy several cubic miles of space...'
Biomimetic Tendons From Rochu Robotics
'... the curious parallelism to animal motions.'
Living Human Neuron Biological Compute Rack
'The men are dead, but their acquired wisdom lives on and I am the beneficiary.'
Martha Stewart Approves Ojai 'Living Room On Wheels'
'Young people found the driverless car admirable for petting.'
ESA's Draco To Study Heat Of Reentry
'...a synthetic which air-friction would erode.'
Buy A Galaxy? Maybe Start Smaller
'The sky is the limit' just got higher.
The United States Space Academy Is Official
'Is our orbit to Space Academy clear?'
Is There A Global Problem With Who Is Having Children?
'After twenty generations of shillyshallying...'
You Will Eat The Cookies Made From Plastic...
'Our planes are going to start bringing in bales of discarded plastics...'
It's A Giant Robot! You Reporters Have Been Warned!
'... completely forgetting the ship at sight of the awesome figure and great head of the giant Gaut...'
Birds Learn To Sing Pictures ala Frank Herbert's Distrans
'We will fight in the time of fighting.'
ElectionSim: China's 'Ender's Game' Battle Sim, Or Lem's 'Kingdom In A Box'?
'So, Ender, we will now begin your education.'
Tactile Skin Supplier Map
'What strange sensitivity! What an amazing development of science was manifested in every move and act and word of this Robot!'
Flock Stymied By 'Adversarial Fashion'
'Forget the head atop it, the legs below, feet, arms, hands. It compels erasure.'
