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With many countries already heading towards cashless transactions, we are facing some hard decisions. These decisions will be made whether we ignore them or not, so to have a say it is essential to be active. These are not new issues, but they are quickly approaching. Dominic Frisby at The Guardian is the latest to take up some of the pertinent questions around the move to a cashless society.
Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance.
Source: Why we should fear a cashless world
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In a World Without Cash, Every Payment You Make Will be Traceable
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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
F.S. Fitzgerald to Hemingway:
"Ernest, the rich are different from us."
Hemingway:
"Yes. They have more money."
(Score: 2, Insightful) by Ethanol-fueled on Friday July 21 2017, @11:41PM
I'll trade my fully functional 561A [wordpress.com] for your bust of Mr. Spock and your first-edition leaked nude photos of Laura Schlessinger and Diana Muldaur.
Anyway, although the usual civil-liberties crowds are freaking out here, there's a much more pragmatic reason to abolish cash -- card vendors earn exorbitant and extortionate transaction fees from card usage. So much, in fact, that they're willing to pay up front to sweeten the deal. [cnn.com]