The use of Tap and Pay in the UK particularly and Europe in general is far ahead of its usage in the USA. The implication of doing transactions entirely without money are enormous. It make things like a subway or taxi ride seem free until all of your credit is used.

(An Apology) To see the photo you will have to click on the title and go to my blog page until I solve the curious fact that photos are no longer being attached to my subscriber emails.

In Predictably Irrational by Dan Ariely he cites studies that have shown that people act differently with money than with money substitutes like gift certificates. Tap and Pay which because of its convenience will become ubiquitous will change this relationship. Maybe for the better but maybe not. It is definitely another step away from State control of the money supply.

Change is……..