The Canadian Tory government has announced that it’s discontinuing the minting of new pennies, as the coins are expensive and considered a “nuisance” by businesses and their customers.

(via Canada to stop issuing pennies, businesses told to round off to nearest 5 cents, or “work it out for themselves” - Boing Boing)

e-Money band in Japan via @cscoutJapan

Running is a growing lifestyle activity in Japan, with applicants for the Tokyo Marathon increasing by 68% in 2009. This trend has led to Nike and Asics opening innovative new retail spaces in central Tokyo, and mobile devices and e-money are also adapting to meet the consumer demand. The band may be only single-function but for its price it is a useful tool for a consumer, plus it could also be integrated into watches in the future.

(via Trendpool » E-Money Wrist Band For Running Consumers)

The Infographic is Finished! The Future of Money: New Lenses of Wealth #futureofmoney via: @venessamiemis

The Future of Money: It’s Flexible, Frictionless and (Almost) Free

Moving money, once a function managed only by the biggest companies in the world, is now a feature available to any code jockey.

via The Future of Money: It’s Flexible, Frictionless and (Almost) Free | Magazine