Apple wants to kill off the wallet: Tim Cook claims consumers 'don't like cash'

First it was the headphone jack, and now Apple wants to get rid of paper money. CEO Tim Cook told the Nikkei Asian Review that the firm believes consumers want to live in a cashless society and will use Apple Pay to make it happen. Cook made these comments just a month after the iPhone 7 became the first iPhone to support FeliCa, the contactless payment standard used in Japan. CEO Tim Cook told the Nikkei Asian Review that the firm believes consumers want to live in a cashless society and will use Apple Pay to make it happen. Apple Pay works by holding the phone up to a card reader and pressing a finger on the TouchID button.