Bangladesh is not ready for Cashless Economy

The modern-day monetary transaction has its roots in the barter system of ancient times. Over the course of thousands of years, physical money has becime an integral part of our daily life - until the idea of replacing cash with digital currency was propagated. 

The idea of replacing cash has been around for a long with cheques and bonds. However, the true idea of replacing cash has not been possible tp implement up until recently with the advent of Mobile Financial Services and cryptocurrencies. 

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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.

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