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Afaik, the call for the whorld to go cashless comes from Davos, and the people mostly don't like it. See e.g. https://chyp.com/2016/04/05/a-manifesto-for-cashl
by hyperman1 2y ago
Afaik, the call for the whorld to go cashless comes from Davos, and the people mostly don't like it. See e.g. https://chyp.com/2016/04/05/a-manifesto-for-cashlessness-in-europe/ https://chyp.com/2016/04/05/a-manifesto-for-cashlessness-in-...
They promote a view where cash is inefficiënt and an enabler for crime. Which is true, if you put the right glasses on.
Unfortunately, these right glasses assume a few things: Banks get a fee for every payment, even if capped in th EU. Money should move from people to businesses, between businesses, or back to people, but not really between people. The governement gets to decide who is allowed to get money. Each of these is scary.
In Belgium,a country with a huge amiunt of electronic payments, a lot of ATMs got 'optimized' away, to the point that you had to go to a city to get cash. This caused backlash and avfew are coming back, but eternally empty.
I saw someone start a grassroots action where she sold books as a non bussiness for a few days. She decided to make it easy and go cashless. She sold 20 and then got her account flagged for suspicious activity.
When the governement feels like it, e.g. when a partner dies, they sometimes block your bank account for a few months until they know how much taxes they deserve. Hope you have cash.
I see how USA payment networks make paying for porn hard, and they are not allowed to decide where I should spend money. They also sell data to whoever wants it, and that makes me deeply uncomfortable.
Not everyone needs to know my political affiliations as expressed by payments to causes.
I'm fine with being 90% cashless, but 100% is a nightmare.
- deleted 2y ago[deleted]
- illiac786 2y agoGermany was extremely cash oriented compared to other countries, then came covid. I think they still use more cash than other countries but it is now rare for me to get in a shop that only takes cash. Even fairs take cards now. Supermarkets allow you to withdraw cash when paying for your groceries by card, that actually nicely solves the ATM issue.
- hyperman1 2y agoI try to get an €2 coin to give my child a physical weekly allowance. Also, the trash bin only accepts an €1 coin. Supermarkets have cards asking customers for spare coins. They don't give them back unless they really have to. Supermarkets and ATMs do give €50 easily, its everything below that becomes hard to get. So I hoard everything else, so do most other people, and bad money starts driving out good money in an unexpected way.