Cash is no longer king in New Zealand. A report found electronic funds transfer (Eftpos) had displaced cash as the most common method used to pay for things such as groceries, power bills and mortgage.
Kiwis Moving Closer To Cashless SocietyCourtesy Digg - Business & Finance Sun, 06/21/2009 - 23:40
Cash is no longer king in New Zealand. A report found electronic funds transfer (Eftpos) had displaced cash as the most common method used to pay for things such as groceries, power bills and mortgage. Related itemsAPNewsBreak: Fifth arrest made in Megaupload case
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Interesting
I have heard about this - but I never saw anything actually verifying it for sure. It is interesting how the worlds works in a complete circle. Now they are going back around to being cashless. I guess right now we are pretty much "virtual cash" since everything is primarily plastic. So - who knows...
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