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The issue I have is that there are middlemen when using non cash payment systems. Until the central bank provides an anonymous digital payment system there is n

The issue I have is that there are middlemen when using non cash payment systems. Until the central bank provides an anonymous digital payment system there is no alternative to cash. I don't want my purchase habits ending up in a database located who knows where and as a merchant I don't want to pay x percent to middle men handling the transaction. I also don't want foreign companies deciding what I am allowed to purchase or sell. As we have seen many times visa/mastercard will prevent you from selling and/or buying items legal in my country. The central banks job is to provide a currency for payment and I want them to keep providing this service.

seanmcdirmid 3y ago
Switzerland has pretty low fee debit cards (Maestro?), which I used extensively during my time there, as a foreigner I didn’t qualify for a credit card with BCV, so no visa/mastercard, but I really didn’t need it. Back in my he states, I avoid any business that takes only cash, because I’m not carrying anything but my phone and a backup credit card in case tap to pay isn’t accepted. I also think businesses should be allowed not to accept cash given that those that do are targets for armed robbery these days (a problem I expect Switzerland not to share).