Is it true there are plans to put RFID chips in Euro banknotes?
Hitachi has been working with the European Central Bank on the idea of putting RFID chips into Euro banknotes. This would eliminate the anonymity of cash by making it trackable. In essence, it would “register” your cash to you when you get it from the teller or take it out of the ATM. Euro banknotes could be RFID tagged as early as 2005. See: “Euro Notes May be Radio Tagged” at http://news.zdnet.co.uk/story/0,,t295-s2135074,00.html for details.