Australia’s largest bank Commonwealth Bank has just released a very interesting white paper Welcome to the machine-to-machine economy, anticipating machines engaging in financial transactions with other machines or parties, for example hiring and paying for their own maintenance workers. This would require them to have their own bank accounts and payment systems.
I was recently interviewed for a News Corp article on the Australian response to the global backlash on Uber.
I told the journalist in our interview that while I know a number of Australians who have deleted Uber, most Australians focus on the utility of the service. I was quoted: