No need for wads of paper…
Asia goes cashless as countries push for digital payments
Share of cash transactions expected to drop from 47% in 2019 to 14% by 2027
Cash is rapidly disappearing in consumer transactions across Asia, replaced by QR codes and other smartphone-based technologies. Physical money is forecast to make up just 14% of total transactions by 2027, down from around 47% in 2019, according to Worldpay, a U.S.-based payment processing company.
Can’t hurt.
EU lays out guidelines on misuse of AI by employers, websites and police
Employers will be banned from using artificial intelligence to track their staff's emotions and websites will not be allowed to use it to trick users into spending money under EU AI guidelines announced on Tuesday.
… Prohibited practices include AI-enabled dark patterns embedded in services designed to manipulate users into making substantial financial commitments, and AI-enabled applications which exploit users based on their age, disability or socio-economic situation.
AI-enabled social scoring using unrelated personal data such as origin and race by social welfare agencies and other public and private bodies is banned, while police are not allowed to predict individuals' criminal behaviour solely based on their biometric data if this has not been verified.
Employers cannot use webcams and voice recognition systems to track employees' emotions, while mobile CCTV cameras equipped with AI-based facial recognition technologies for law enforcement purposes are prohibited, with limited exceptions and stringent safeguards.
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