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15M Japanese Don’t Use Paper Currency
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The Japan Research Institute, as reported by Walaika K. Haskins of newsfactor.com, has claimed that 15 million Japanese citizens don’t use paper currency whatsoever. They use e-money which is accessible through a smart card or their mobile phone. From personal experience, if you’ve ever used a public pay phone in Asia then you’ll need to figure out a way to navigate the smart card system because many won’t accept coins. The institute estimated that by 2008, 40M Japanese will be using e-money.
The article is pretty interesting and it worth a look, I wonder when the pervasiveness of these smart cards and e-money will appear here in the US.
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I hope it’s soon. Seems like it would be a lot more convenient.
I can’t wait for a paper-less society!
This can’t happen soon enough. I always end up behind the person writing a check anywhere I go…I was unaware that people still wrote checks.