Cashless society is not coming tomorrow

As COVID-19 continues to spread, many are increasingly wary of the invisible germs living on the surfaces of everyday items, like coins and dollar bills.

Cash is a notorious germ-spreader due to its fibrous material and the number of hands it passes through, leading some to speculate about its worth in modern times. But imagining a world without physical coins and bills has some fearing the worst.

“A cashless society means no cash. Zero. It doesn’t mean mostly cashless and you can still use a ‘wee bit of cash here & there,’” reads a Facebook post made July 5 by user Kevin Monroe. “Cashless means fully digital, fully traceable, fully controlled. I think those who support a cashless society aren’t fully aware of what they are asking for.”

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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

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