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Australia discovers the problems of a cashless society





The deadly coronavirus pandemic has seen many stores refrain from accepting cash payments, however experts are warning the elimination of coins and notes and the emergence of a cashless society may not benefit everyone.

There are concerns for hundreds of thousands of Australians who may prefer to use cash, particularly in remote and rural areas.

Australia is on track to become one of the world's leading cashless economies.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

The cashless society from an ethical point of view