So, this is interesting. Reading between the lines this makes it possible to have the equal of RFID on bank notes. So on top of all the other data I leave in my digital wake now my cash can be tracked if needed.
So Google and Facebook will be able to target ads at me based on my cash transactions? Easy enough to do. Enter my “shopper advantage card” number at the Grocery store to get a discount, pay with a tagged bill and bingo, open facebook and see an ad based on the item I just purchased.
Just imagine, “John” buys a condom with cash, goes to his Facebook or Google and is presented with either an ad for the nearest free clinic or Planned Parenthood location depending on gender, socioeconomic status , age and all the other data they have on you.