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Quasi-german here. Cash is still king in Germany as of 2022. It has gotten better after the Pandemic. Germans use outdated tech because it works. They use cas
by helloguillecl 4y ago
Quasi-german here. Cash is still king in Germany as of 2022.
It has gotten better after the Pandemic.
Germans use outdated tech because it works. They use cash very rapidly and efficiently. I’d say Germans handle cash faster than paying with physical cards.
- ChuckNorris89 4y ago>Germans use outdated tech because it works. That's not a good argument for progress in general. We'd still be in the stone age with that mentally. This is also a reflection on the lack of digitalization and IT/tech innovation in Germany and Austria in general vs other European countries that tend to adopt tech earlier. >I’d say Germans handle cash faster than paying with physical cards. I'd beg to differ when there's lots of change and coins involved. Some could be fast with an abacus but that doesn't mean we're not all better off with pocket calculators. Like with many things, just because that's how Germany does a thing, doesn't mean it's great.
- helloguillecl 4y agoIm very critical of Germany, and I think they have lost the leadership in too many regards. But I think people miss how well do things work in Germany despite the low (IT) tech. I didn’t understand it until I moved here.
- onion2k 4y agoFun fact about cash payments in Germany - they're all reported to the government in real time. There used to be fiscalization rules that meant Point of Sale devices had to store 5 years worth of transaction data for auditing, but recently theyve moved to just having the POS report everything directly over the Internet. Lots of countries do the same sort of thing. https://en.m.wikipedia.org/wiki/Fiscalization https://en.m.wikipedia.org/wiki/Fiscalization