4 ms·
This is basically offloading the record keeping to the bank. However, in an environment where the cash transaction is king, using this method has little value.
by yitchelle 8y ago
This is basically offloading the record keeping to the bank. However, in an environment where the cash transaction is king, using this method has little value.
- xupybd 8y agoPeople still use cash? I don’t think I’ve made a cash purchase in the last 5 years.
- yitchelle 8y agoI live in Germany and cash is still the preferred here. My small town near Cologne only started to adopt credit card about 6 years ago. When we arrive, the only shop that would take credit card was the petrol stations franchises.
- xupybd 8y agoWow. Here in New Zealand we switched over to EFTPOS ( debit cards ) around 20 years ago. I was still in school when cash was becoming rare. Mid 30s now so cash seems odd to me.
- parliament32 8y agoPeople actually trust banking institutions with their complete purchase histories and spending habits?