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I see this as part of the 'war on cash'. Cash itself cannot be skimmed etc - but when you use your card, it can be. The problem appears to be the use of ATMs
by verisimi 4y ago
I see this as part of the 'war on cash'. Cash itself cannot be skimmed etc - but when you use your card, it can be. The problem appears to be the use of ATMs to get cash out - the message is that its risky. Of course, if there were banks, and you were able to get cash out in ye olde fashioned way, this wouldn't be a problem.
The point I'm trying to make is that technology introduces risks that cannot really be quantified - you won't even know that someone has stolen from you for a while by cloning your card (a few hours/days) - with cash if it is stolen it is obvious immediately. This lack of access and ability to get an accurate picture of your finances is not going to get better with crypto.