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[FS] Canada Prepares To Introduce Plastic Money. - Page 16

post #151 of 187
Quote:
Originally Posted by Boyboyd View Post
Phew, i thought they meant an end to cash then.

Plastic money could be a good idea, our £5 notes are still made from cloth. lol




You're missing out on all the fun of paying for expensive things with real money.
One of the best joys you can feel. Recently I drove to microcenter and bought a $400 computer upgrade all in cash.
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post #152 of 187
Quote:
Originally Posted by Semyon View Post
i must be retarded cause i swear that doesn't look like a $5 note lol
It is its just the newer 5 dollar note.

here is the older one


Edited by Benny99 - 4/17/11 at 7:18pm
post #153 of 187
Quote:
Originally Posted by Benny99 View Post
It is its just the newer 5 dollar note.

here is the older one

o_O when did this come in?
post #154 of 187
Quote:
Originally Posted by ilam3d View Post
That's not news, many countries have been using actual plastic money (other than credit cards) for years.
Come to NZ.. tourists are always amazed at how we Kiwis love the plastic...we basically pay most things by it via EFTPOS (debit system).

Quote:
Eftpos is highly popular in New Zealand, with more debit card terminals per head of population than any other country and usage very wide spread. In 2009, there were 200 EFTPOS transactions per person, compared with 80 transactions per person in Canada.[14]
It's essential that a business has one these days really. My family owns a business and tbh, 60% of our transactions are via debit. Same with many other businesses. Many nightclubs have banned EFTPOS just because everyone pays by it and slows everything down in terms of drinks etc..

I usually never have much actual cash in my wallet..only my EFTPOS card.

It is so widespread here that a few Christmases ago, during the Xmas spending spree, the debit card system crashed due to overload.

http://www.nzherald.co.nz/nz/news/ar...ectid=10361395

in 2 hours, it declined 500,000 transactions due to the crash. We have a population of 4.3 million.

Quote:
The company processed its one billionth transaction after 10 years from 1989 to 1998. It took 14 months to December 10 (2009) for the transaction numbers to go from seven to eight billion.

Mr Tong said he expected it to take less than one year to reach the next billionth transaction. He added there were about 1.5 eftpos and credit cards for every New Zealander.

We continue to grow around 6 – 7% year on year. It’s slowly replacing cash but cash will still be used for farmers markets and other events where electronic transactions would be too expensive.”

He said there had been a hike in cash transactions in recent year, which was due to immigration from Asian countries, where cash is used a lot more than electronic transactions for smaller payments. “In New Zealand (consumers) don’t think twice about using eftpos for smaller transactions such as for $1.
I've done the $1 thing many-a-time. You can't exactly steal a EFTPOS card either as you have to know the PIN (however of course it's a pain in the ass if you lose it). You want to know what's the closest thing to a cashless society is? Come to NZ.
Edited by chinesekiwi - 4/17/11 at 8:11pm
post #155 of 187
Quote:
Originally Posted by chinesekiwi View Post
Come to NZ.. tourists are always amazed at how we Kiwis love the plastic...we basically pay most things by it via EFTPOS (debit system).



It's essential that a business has one these days really. My family owns a business and tbh, 60% of our transactions are via debit. Same with many other businesses. Many nightclubs have banned EFTPOS just because everyone pays by it and slows everything down in terms of drinks etc..

I usually never have much actual cash in my wallet..only my EFTPOS card.

It is so widespread here that a few Christmases ago, during the Xmas spending spree, the debit card system crashed due to overload.

http://www.nzherald.co.nz/nz/news/ar...ectid=10361395

in 2 hours, it declined 500,000 transactions due to the crash. We have a population of 4.3 million.



I've done the $1 thing many-a-time. You can't exactly steal a EFTPOS card either as you have to know the PIN (however of course it's a pain in the ass if you lose it). You want to know what's the closest thing to a cashless society is? Come to NZ.
Oh my God you're from ChristChurch NZ... How is everything there now? (My school uses EFT(Electronic Funds Transfer) as well)
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post #156 of 187
Quote:
Originally Posted by BizzareRide View Post
Oh my God you're from ChristChurch NZ... How is everything there now? (My school uses EFT(Electronic Funds Transfer) as well)
As normal as it can be. Had a 5.3 aftershock on Saturday night (early Sat. your time). The CBD is closed off (it was one of the most damaged parts of town). Retailers are slowly getting back up onto their feet via relocation etc..
The local economy not surprisingly has slowed down quite a bit here. All public services are running fine now. It'll be realistically a 5-10 year recovery. NZ and Japan have very good earthquake measures and both are world leaders in earthquake and disaster planning and recovery. Teething problems have been abound, but it's realistically to be expected with the scale of things. We were still recovering from the 7.1 from September last year when the 6.3 struck on Feb 22. My house is basically on the most stable ground in the city (our city is made of several different ground types). The eastern side and the CBD was hit hard due to the soft ground that's built upon it (former wetlands). the 6.3 was much more devastating due to it's proximity to the city vs. the 7.1. Both the Christchurch earthquakes and last Japan earthquakes have been gold-mines in terms of earthquake data (due to both having earthquake equipment placed close to the epicentres) and both will be studied for years to come to further our understanding of earthquakes. the vertical (up-and-down) movement of the 6.3 earthquake was the largest ever recorded. Over 10,000 buildings will be demolished and many residential house will be built on the western side of the city, where there's much better solid soil.

A general summary here (the more destructive 6.3): http://en.wikipedia.org/wiki/2011_Ch...rch_earthquake

the initial 7.1: http://en.wikipedia.org/wiki/2010_Canterbury_earthquake
Local NZ sources go into more detail.
post #157 of 187
We had 10 Brazilian Real bills a few years ago but the governament cancelled their production.. Don't really remember what went wrong with the "experiment"
post #158 of 187
It'll be harder to use the money as drug tools ...lol
How will people know its real? Can't you easily copy plastic?
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post #159 of 187
Quote:
Originally Posted by MGX1016 View Post
It'll be harder to use the money as drug tools ...lol
How will people know its real? Can't you easily copy plastic?
err, i think it's harder to copy plastic than paper
post #160 of 187
Euro notes should switch to polymer aswell, since they (EU) were bragging about how hard they are to copy and stuff.
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