IPFS News Link • Pandemic
Another Step Toward Cashless, Because Corona
• https://www.lewrockwell.com, By Eric PetersWell, that's coming – even though people will still be touching the pumps. But they won't be touching money – especially cash money. Instead, the "money" will be automatically extracted from their electronic wallet via something called PayByCar.
The idea is for "contactless" transactions – to "stop the spread" of WuFlu.
How that works when people will still handle the pumps is difficult to understand. What's easy to understand is that "contactless" means cash-less, which also means – if this system ever became default – that it may become very hard to buy gas with cash or even a credit card. Instead, you'd pay via an "app" on your phone – and a bug buried in your car, as PayByCar envisions.
This company – which is a "provider of in-vehicle payment solutions" – has "partnered" with big-time OEM supplier Gentex Corp to introduce something called the Integrated Toll Module, which works like it sounds.