So it has to be surrendered on the first use. You can however get similar cards with smaller fixed values in return.
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terrible idea. If you launched a startup doing that it would get regulated to death. Imagine the implications for criminals to use it.
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that sounds pretty good on paper
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and what if the issuer, the Indian government say, suddenly bans them all?
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But then, how will advertisers track our purchasing habits?
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Digitally signed. & private key destroyed after each(or a set of cards) print to prevent forgery. But public key listed. Sounds neat!
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It would never catch on.
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Imagine you are in India and the gov’t invalidates 86% of these stored value “cards” overnight…
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"the value is fixed"... not since the gold standard
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@paulg it would be decoupled from the commodity that gave it value and lose 99% of its purchasing power. Just watch.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Wouldn't work. The entity that makes the cards would eventually stop honoring them (India), or make too many of them (Fed, BoJ, ECB).
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and isn't that describing cash!
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is that a description of a currency note?
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intensional sarcasm.
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this sounds like cash?
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Is it called currency?
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You mean cash? Why cash or card at all, but any biometrics enabled payment option to avoid carrying anything extra forever!
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aren't you referring to cash?
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What if the card was made of cloth? So that even if it went through the laundry by mistake, it was still usable?
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