Fake bills: Lessons from casino - 2004-01-08
New casino chips with built-in radio identification tags may pave the way for traceable banknotes, helping attempts to put an end to fraud, New Scientist magazine said on Wednesday.
A radio frequency identification tag (RFID) in the poker chips will enable casinos to spot counterfeits and monitor the behavior of gamblers, allowing them to verify that big winners are not cheating the house.
The tags broadcast a unique identification code when triggered by a reader device and can work over distances of up to a few dozen metres.
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