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This is a dangerous movement.There are documents from Visa and I believe Mastercard about how to push for a cashless system, which would be in their best intere
by ahuxley2013 10y ago
This is a dangerous movement.There are documents from Visa and I believe Mastercard about how to push for a cashless system, which would be in their best interest. Imagine having to pay a 2% transaction fee on EVERYTHING. Water bill, 2% more. Gas, 2% more, food, 2% more on top of the 2% to 3% inflation that grows each year. Etc. etc. etc. A lot of "futurist" have talked about how cash is archaic but being stuck in ONLY electronic banking, and your just closer to global slavery.
- josu 10y agoWhile this is true, cash has a really high cost too: there is a need to print it, distribute it, keep it safe, robberies... Electronic money, even with the 2% fee is still probably much cheaper than using cash. My main worry is be the loss of privacy.