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And of course, the entire purpose of this is to get rid of tax evasion and undetectable criminal money flows.
by Joeri 9y ago
And of course, the entire purpose of this is to get rid of tax evasion and undetectable criminal money flows.
- belorn 9y agoYes and no. Banks want it because credit card transactions are significant (almost infinitive) more profitable than distributing physical money around and having bank offices open for customers. Especially in Sweden where the population/km2 can take a very sharp dive and the distance between banks and ATM's can be far. Many large companies also wants it. Mass transit want that people get a subscription so that the only one buying tickets is tourists that then can pay tourism prices. Supermarkets want that people user the membership card that is linked to a credit card. If the purpose was only to do crime prevention then the solution would look very different. Instead what we have is the mixing of multiple interests of strong parties against the interest of everyone else.