3 ms·
I find this trend very disturbing. In Norway the largest bank has called for the outlawing of cash writ large. There have been similar statements by other banke
by grej 11y ago
I find this trend very disturbing. In Norway the largest bank has called for the outlawing of cash writ large. There have been similar statements by other bankers here in the US.
This all serves to give banks more control. Ability to impose negative interest rates without individuals hoarding cash, ability to greatly lower the risk of bank runs, etc.
But for the consumer and for privacy rights its a dangerous direction.