4 ms·
Don't start me. Besides that, there's the fact that card-only is giving free rein to the boards of MasterCard and Visa to decide what's effectively legal; it's
by lores 2y ago
Don't start me. Besides that, there's the fact that card-only is giving free rein to the boards of MasterCard and Visa to decide what's effectively legal; it's already the case in the adult industry, where the card companies have enacted rules for performers, production and distributors. No agree, no money. What happens if the next CEO is an evangelical Christian?
And of course cashless makes it hell on those without bank accounts, like the homeless and immigrants, those who rely on informal employment, and the general outskirts of society. There are prepaid cards, but they require ID checks and often fees which they can hardly afford. That will make many rely on informal banking from loan-shark types.
And last, the banks see everything. I worked for a bank. I definitely don't want those people to have all the data that matters on everyone.