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What if I want to give 20 quid to a friend? The thing that worries me the most about cashless is how it makes it extremely hard to give money to others -- each
by anon4 11y ago
What if I want to give 20 quid to a friend? The thing that worries me the most about cashless is how it makes it extremely hard to give money to others -- each transfer needs to be a bank transfer and if I want to give you money, you need to be carrying a device approved by the bank, into which I can insert my card, write my PIN, etc., etc. Unless you can show me how person-to-person money transfer will work, I'm not convinced cashless will work.
Also, I don't agree with having to pay to pay, i.e. the "x%" tax on each purchase the bank takes.
- useerup 11y agoTwo very popular apps in Denmark are "Mobilepay" and "Swipp". You download an app and connect it to your bank account (typically by means of a plastic card). It is extremely easy to make person-person or person-business payments with the apps. You only need to know the phone number of the recipient. The transfer is immediate and the recipient gets a receipt on through his/her app in seconds. It has become a very popular way to settle smaller amounts between friends, restaurant bills etc. It is actually easier than cash since you do not need small change.