The European Central Bank is working with technology partners on a project to embed radio frequency identification tags into the fibres of euro notes by 2005, the EE Times reports.
The integration of an RFID antenna and chip on a bank note is technically possible, but no bank notes in the world today employ such a technology. The technology allows money to carry its own history by recording information about where it has been and could make it very difficult, for example, for kidnappers...
Back our independent journalism by becoming a supporting member
Already a member? Login hereLisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.
Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.