WHEN rumours surfaced last year that the European Central Bank was quietly planning to put RFID (radio frequency identification) tags in euro banknotes to combat fraud and money laundering, privacy groups balked at the possibility that anybody with an RFID reader could count the money in wallets of passers by.
While the rumours have not been confirmed – or denied – a new generation of casino chips with built-in RFID tags is giving an insight into the way banks and shops could keep track of real money if it were tagged. The chips will be launched later this year and…
