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I agree that there are risks with a cashless society (especially from a privacy perspective), but it's not incredibly hard to understand the positive effects of
by wiwofone 10y ago
I agree that there are risks with a cashless society (especially from a privacy perspective), but it's not incredibly hard to understand the positive effects of cash-free (as you seem to suggest).
- Vendors not needing to carry cash, significantly decreasing (or even eliminating) security-related risks (e.g. grocery stores/bus drivers getting robbed)
- Removing PoS that affect quality of service for the actual service provided (e.g. someone paying the bus fare and holding up the ride)
- Reducing the possibility for criminals to launder dirty money (the flipside of the privacy aspect).