13 Nov '12, 10am

How many coins do you carry? #money #digital #cash

How many coins do you carry? #money #digital #cash

On the flip side, multiple innovations in the money space have attempted to tackle the cash challenge, pushing digital alternatives into traditionally cash based ecosystems and economies. But can they really replace coins? Its a utopian dream that many chase, but very few come close to realising. The strongest case studies tend to come in the form of transportation card that can evolved into cash cards, like Octopus, Oyster, Felica and EzLink. Many of these programs have seen amazing success, but not through customer choice. Instead commuters are forced to use the card as the new ticketing utility. But not all implementations have seen warm welcomes to the market. In Melbourne, with the Transport Authority selected to ‘copy’ the Hong Kong system during the implementation of their MyKi system, commuters outrage was continually expressed as implementation delays and scarcity...

Full article: http://e27.sg/2012/11/13/how-many-coins-do-you-carry/

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