Here is the time to change the transaction to software format. Then there is no more paper money. A wallet like gadget that can be be replaced over paper. which can control your money flow. It only a small wallet just like now. But it include a electronic circuit that can connected other wallet to your. and remember or save your money transaction. and get the control on your money.
The electronic device linked with your bank account. So this can be used like credit card. any transaction can be done using this wallet. It connected to others by Wi-Fi or Bluetooth technology. No wired connections are allowed for money transaction between wallets. It can be connected to your pre-registered smartphone or PC.
Most important safety feature is no wallets can withdraw money from others they only send money between them. This makes sure that any wallet connected accidently to you can not pull your money.
A small LCD screen is provided in the wallet for important messages. Such as balance, transfer amount etc. Also a small number pad for entering money and password. Each time you transfer money it make sure that the wallet is used by its owner
This only limit the flow of black money, loss by any cause. Also there are many cases that you give more money than that thee need by the error in counting. Here you give the amount numerically so there is no way to loss extra money.
By this you don't need to carry a extra gadget with you. this is just like your ordinary wallet. There are more space to carry cards such as id card, licence etc. now you don't need to visit a ATM counter to withdraw money or no more card that need scratch your card on their machine. No need to visit bill payment section to pay bill you can done from your sea itself.
There is an important feature for businessmen. That is If a customer s entered to your shop your can link their wallet to your wallet tracking system. Which make sure that they paid for what they purchased. And tracking system will give you the detailed bill And you just want to verify it. Customer can pay at each instant of his purchase. And this all will be correlated and tabulated by the server.
By this technology there made many good things. Stop the black money to increase the income of nation, complete transaction summary as in bank dealings, block unnecessary loss of money and many other.
This is only a concept that can be become true in future. I am sure that if this made then that will be a tremendous change in the baking world.I think it will be real within few years.
The electronic device linked with your bank account. So this can be used like credit card. any transaction can be done using this wallet. It connected to others by Wi-Fi or Bluetooth technology. No wired connections are allowed for money transaction between wallets. It can be connected to your pre-registered smartphone or PC.
Most important safety feature is no wallets can withdraw money from others they only send money between them. This makes sure that any wallet connected accidently to you can not pull your money.
A small LCD screen is provided in the wallet for important messages. Such as balance, transfer amount etc. Also a small number pad for entering money and password. Each time you transfer money it make sure that the wallet is used by its owner
This only limit the flow of black money, loss by any cause. Also there are many cases that you give more money than that thee need by the error in counting. Here you give the amount numerically so there is no way to loss extra money.
By this you don't need to carry a extra gadget with you. this is just like your ordinary wallet. There are more space to carry cards such as id card, licence etc. now you don't need to visit a ATM counter to withdraw money or no more card that need scratch your card on their machine. No need to visit bill payment section to pay bill you can done from your sea itself.
There is an important feature for businessmen. That is If a customer s entered to your shop your can link their wallet to your wallet tracking system. Which make sure that they paid for what they purchased. And tracking system will give you the detailed bill And you just want to verify it. Customer can pay at each instant of his purchase. And this all will be correlated and tabulated by the server.
By this technology there made many good things. Stop the black money to increase the income of nation, complete transaction summary as in bank dealings, block unnecessary loss of money and many other.
This is only a concept that can be become true in future. I am sure that if this made then that will be a tremendous change in the baking world.I think it will be real within few years.
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