Sections

Cashless backlash delays move to walletless economy





Cashless backlash delays move to walletless economy
Laura Leister, owner of Pieces, a board game bar and restaurant in St. Louis, Missouri, said she started off as cashless because she believed it would make running the business easier and safer. It did. "We didn't have to worry about extra security cameras, or cash-handling training," she said. "From a procedural standpoint it worked out well." 
After six months, though, she started accepting cash, in response to some customers' frustration. 
"People started educating me, and even some customers who had credit cards said they didn't keep enough money in their bank accounts to use them. I felt like I was marginalizing customers and that didn't resonate well with me. The policy had an unintentional, exclusionary effect, almost like wealth discrimination," Leister said. 

Read more










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

Top Ten Things To Know

The debate

What the demise of the cashless society will really mean

Is going full cashless society a threat?

Cashless backlash delays move to walletless economy

What are the pitfalls of a cash-free society ?

In a cashless society, Big Brother will always know when you buy milk

Education: how will we teach the value of money without cash?

Cashless society Vs terrorism: Are States fighting last year’s war again?

Inclusion: a cashless economy fights the poorest, not poverty

A cashless economy to root out theft and petty crime?

A cashless economy as a bulwark against fraud and tax evasion?