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The alternative is cash in the wallet, not having to go to immediately withdraw as that is obviously also down. That is, using cash regularly. It doesn't even
by arghwhat 8y ago
The alternative is cash in the wallet, not having to go to immediately withdraw as that is obviously also down. That is, using cash regularly.
It doesn't even have to be a total credit card blackout, like it has happened a few times in Denmark in recent years. It can be minor fuckups, like your bank accidentally cancelling your card, or shutting it down due to something they consider fradulent activity.
I have seen at least 2 total payment blackouts in the past few years here in Denmark (a virtually cashless society, with very strict laws limiting cash use), have 12 credit cards at home from back when my bank thought I wanted a new one every month (with each sent card cancelling my current one, without notice, before I got the replacement), and friends have had their card cancelled without notice due to undescribed "potentially fradulent activity". It of course takes weeks to get a new one, and during this period you cannot even use an ATM.
All of these are simple errors that will happen again, and again, and again. They shouldn't leave you unable to make trades from your own wealth. You shouldn't rely on others to be able to manage what you own.
Cash isn't inconvenient with electronic cash counting registers. It's fast, simple, and it works regardless of external factors. Oh, and fewer people tracing your every step in this world is nice.