Cashless society: Say No !

They said digital payments would defeat criminals, terrorists and money launderers but the opposite has turned out to be true. Money laundering through banks, hackers blackmailing legitimate listed companies for cryptocurrency payoffs and regular outages by my bank’s Eftpos system show cash may be our last bulwark against the crims and the thieves.

Card companies and banks implied that cash was unsafe at the beginning of the COVID-19 pandemic but it turns out that cards maybe dirtier than cash.

Scott Morrison’s government proposes to ban cash transactions over $10,000. T

Our right to use cash must be protected by law Some shops and retailers have “gone cashless” which denies the public the freedom to choose how they wish to pay for goods and services.

Cash is legal tender and yet shops are allowed to reject cash in favour of card and contactless payment methods, which can be surcharged.

Cash is safe, private, reliable and surcharge-free.

Read more

Go Further

A Cashless Nepal? - 04/15/2021

1 2 3 4

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.

Newsletter subscription