Regarding low-value debit cards, Ralf Böpple writes:
These things have been out ever since, but their use is very limited. My employer uses one, and you can pay at the cafeteria or the inhouse vending machines with it. My university had one for the copy machines. I guess, after years of use, I left my alma mater leaving some pfennigs on it, maybe even a deutschmark, but I doubt it wrecked the economy.
Their use is limited to what I would call a "close circle", exactly for the reason that you can't use it elsewhere. And "elswehere" always will be a much bigger part of the economy than your local laundomat.
To read the earlier E-Sylum article, see: DICK JOHNSON ON LOW-VALUE DEBIT CARDS (http://www.coinbooks.org/esylum_v12n27a25.html)
THE BOOK BAZARRE DAVID F. FANNING NUMISMATIC LITERATURE
sells rare, antiquarian and out-of-print works from all times and places. For more information, see the firm's Web site at www.fanningbooks.com
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization
promoting numismatic literature. See our web site at coinbooks.org.
To submit items for publication in The E-Sylum, write to the Editor
at this address: firstname.lastname@example.org
To subscribe go to: https://my.binhost.com/lists/listinfo/esylum
Copyright © 1998 - 2020 The Numismatic Bibliomania Society (NBS)
All Rights Reserved.
NBS Home Page
Contact the NBS webmaster