Australian Media Says Country Will Be ‘Functionally Cashl ...

“Your intimate payment relationship will be with your wearable, hearable or implantable digital devices, which you and artificial intelligence will train to select the right card for the right purchase. This could be for, say, frequent flyer, foreign exchange or payment term optimisation,” said one of the experts.

Australia continues to press forward and helping to lead the charge in transitioning to a cashless society, completely making the shift to cryptocurrencies, digital IDs, and even implantable biometrics within just a couple of years. Private businesses are even getting in on the action by no longer accepting cash at their storefronts, emulating what some of the largest banks in the nation are doing.