Apple CEO Tim Cook said that Paper Money Will Disappear
The next generation will not know what paper money is, said Apple’s CEO Tim Cook. This is another loud statement of Cook, who earlier set 2015 as the year of Apple Pay – payment system of the company. The statistics support the words of Apple CEO. Cash payments decreased steadily but still share over 50%, according to the organization Payments UK. It alleged that Apple plans a service that will allow a transfer of money from one user to another through Apple Pay.
If the company is truly follows his ambitious plans for online payments, the forecast of Cook can be fulfilled in the foreseeable future. Apple’s chief spoke to students at Trinity College – Dublin and for the protection of personal data. In his words, Apple does not retreat from its principles and will continue to encrypt user data in full without leaving any loopholes for special services. Apple will continue the negotiating with the government to persuade him in his position for personal data assures Tim Cook.
According to him, full protection and encryption of personal data not only does not conflict with the requirements of national security, but are called upon to defend it. In support of the statement of Tim Cook are Bitcoin – the virtual cryptocurrency. Essentially Bitcoin is a decentralized currency that is not administered and controlled by a single bank, more and more companies, universities and even countries recognize Bitcoin as a means of payment – computer giants such as Microsoft and Dell allow users to pay for some services with Bitcoin.
Bitcoin was created as rewards for users who provide the computational power of computers to encrypt The creator of Bitcoin is shrouded in mystery, with a high probability suggests that even Prentice Satoshi Nakama – American of Japanese origin, which is known to lead a modest life and previously was involved in some secret projects of the US military.
In general the one hand we have a strong penetration of services such as PayPal and Apple Pay, which revolutionized online transfers and online payments, and on the other we have a completely virtual currencies like Bitcoin – with all this in mind it is not difficult to imagine that the Cook forecast may come true, and our children’s children to live in a world without paper money. Skeptics, however, believe that breaking with the physical currency will further enhance traceability and control over the money and their owners.
Post from: GizBrainhttp://szlifestyle.com/sz/2015/11/16/apple-ceo-tim-cook-said-that-paper-money-will-disappear/https://i2.wp.com/szlifestyle.com/sz/wp-content/uploads/2015/11/Tim-Cook-Apple-Pay.jpg?fit=530%2C298https://i2.wp.com/szlifestyle.com/sz/wp-content/uploads/2015/11/Tim-Cook-Apple-Pay.jpg?resize=180%2C150APPLETECH NEWSApple,Apple Pay,Bitcoin,Tim CookThe next generation will not know what paper money is, said Apple's CEO Tim Cook. This is another loud statement of Cook, who earlier set 2015 as the year of Apple Pay - payment system of the company. The statistics support the words of Apple CEO. Cash payments decreased...Richard D.Richard Deendeen@szlifestyle.comContributorRichard Deen is a writer at szlifestyle. What can I say I love gadgets!szlifestyle.com Tech News, Life Style, Reviews, Videos!