Cashess is a threat for the unbanked

The D.C. Council on Thursday considered legislation that would ban cashless, brick-and-mortar businesses in an effort to make the city less vulnerable to cyberattacks and more friendly to residents without banking or credit cards.

During the hearing by council’s Committee of the Whole, the director of the Department of Consumer and Regulatory Affairs asked the lawmakers to consider exempting certain industries, citing concerns from business owners.

“By eliminating cash transactions, business owners are able to remove physical cash registers, eliminate the time employees spend manually counting and managing money, and deter robberies,” said DCRA Director Ernest Chrappah, adding that he supports the legislation’s intent.

Read more 

Go Further
1 2 3

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

Newsletter subscription