Monopoly ditches cash

Monopoly ditches cash

Old school board game Monopoly is entering the 21st Century, going digital and ditching its iconic paper money for contactless payment cards.

The new 'Ultimate Banking' edition, which arrives in the US later this year, will see players use cards and a mini-reader to buy property and pay rent.

Toy giant Hasbro first introduced a paperless version of the famous free-market celebrating game a couple of years ago but it faced criticism for requiring player to enter transactions on a PIN pad.

The latest iteration sees players tap and swipe their payment cards, as well as property and chance cards, with funds automatically paid. According to MarketWatch, the reader also tracks wealth and the value of properties, which see their rents fluctuate.

As in the real world, the decision to phase out cash is designed to save time and cut fraud by eliminating the much abused position of banker.

Comments: (5)

A Finextra member
A Finextra member 17 February, 2016, 22:203 likes 3 likes

Digital flowers anyone?.. No need to water...

James Piggot
James Piggot - Finastra - London 18 February, 2016, 09:17Be the first to give this comment the thumbs up 0 likes

Hopefully it will also be Apple-pay compatible so I can use my iPhone...

Hitesh Thakkar
Hitesh Thakkar - FIS Payments Software and Services India - India 18 February, 2016, 09:22Be the first to give this comment the thumbs up 0 likes

Few banks have experimented with Bluetooth enabled Piggy bank which inculcate saving habit in kids as well as toy.

Marilyn Bochicchio
Marilyn Bochicchio - Hidden Brain - sherborn 18 February, 2016, 15:38Be the first to give this comment the thumbs up 0 likes

What will the CFPB say about this? Will Hasbro be looking a consent order? 

Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune 18 February, 2016, 18:41Be the first to give this comment the thumbs up 0 likes

PIN is rejected even here:)