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 ")
California Governor Candidate Calls For Voting By Phone
'... every veephone on the continent would display, over and over, two propositions.' John Brunner, 1975.
Chinese Hospital Tries Vonnegut's 'Harrison Bergeron' Cosplay
'He wore spectacles with thick wavy lenses. The spectacles were intended to make him not only half
blind, but to give him whanging headaches besides.' - Kurt Vonnegut, 1961.
A Remarkable Coincidence
'There is a philosophical problem of some difficulty here...' - Arthur C. Clarke, 1953.
Is It Time To Forbid Human Driving?
'Heavy penalties... were to be applied to any one found driving manually-controlled machines.' - Bernard Brown, 1934.
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
Japan's AI Buddharoid Automonks
'...each of them is a neural mapping of the mind of a Tibetan monk who actually lived.'
The New Habitable Zones Include Asimov's Ribbon Worlds
'...there's a narrow belt where the climate is moderate.'
MIT Computerized Bionic Leg Is Part Of The User
'The leg was to function, in a way, as a servo-mechanism operated by Larry’s brain, through the mediation of the electronic brain in the leg.'
California Governor Candidate Calls For Voting By Phone
'... every veephone on the continent would display, over and over, two propositions.'
Robots For Hire En Masse
'...small investors profited, too.'
China's Handheld Electromagnetic Gun
'Completely silent, accurate up to about twenty meters. No recoil...'
3D Printing A 12-Meter Boat Hull
'It makes drawings in the air...'
China Still Working On Rescue Robot That Eats People
Firefighter Rescue Robot Eats Humans - again!
Lawyer AIs Create Chaos In Our Legal System
'I want my lawyer program.'
Chinese Hospital Tries Vonnegut's 'Harrison Bergeron' Cosplay
'He wore spectacles with thick wavy lenses. The spectacles were intended to make him not only half
blind, but to give him whanging headaches besides.'
Robot Clerks Become A Reality In China
'The robot clerk in the waiting-room checked her number...'
Can One Robot Do Many Tasks?
'... with the Master-operator all you have to do is push one! A remarkable achievement!'
Atlas Robot Makes Uncomfortable Movements
'Not like me. A T-1000, advanced prototype. A mimetic poly-alloy. Liquid metal.'
Boring Company Drills Asimov's Single Vehicle Tunnels
'It was riddled with holes that were the mouths of tunnels.'
Humanoid Robots Tickle The Ivories
'The massive feet working the pedals, arms and hands flashing and glinting...'
A Remarkable Coincidence
'There is a philosophical problem of some difficulty here...'
