Tim Cook aims for a cashless society 

When Apple launched it’s Apple Pay service it was obvious that the need for people to carry cash would decrease slightly, since the launch Apple has slowly increased the number of retailers and banks that accepts Apple Pay in both the U.K. and the US, now in an interview Tim Cook confirmed that the company hopes that Apple Pay will help to bring about a cashless society.

“We would like to be a catalyst for taking cash out of the system. We don’t think the consumer particularly likes cash.”

Cook took the opportunity to breifly mention the work that will be performed by the R&D center which the company is currently building in Yokohama, The facility expected to open in March and

“will be the first of its kind outside the U.S. will develop AI and other technologies.”

The centre will be for “deep engineering” and very different from the R&D base Apple plans to build in China. “I cannot tell you the specifics, The specific work is very different.” Confirmed Cook.

“We want the AI to increase your battery life” and recommend music to Apple Music subscribers, he continued. As another example, he said AI could “help you remember where you parked your car.”

At geekscorner we are excited at the possibilities of a cashless society but we want to know how you feel about it, let us know in the comments below. Original source: 9to5Mac