Cashless Economy
"This shift to all-digital upends the foundation of our economy and creates unintended consequences for consumers." Frank Sorrentino, CEO of ConnectOne Bank One of Asia’s Largest Cryptocurrency Exchange Hacked What Really Lies Behind Sweden's Cashless Crusade A New Bill in Washington D.C. Would Bar Local Restaurants From Refusing Cash Going Cashless Can Be Dangerous, Malaysian President of the Consumers Association Warns In Germany, the cashless economy raises concerns about trust and privacy Sweden’s central bank governor calls for public control over its payment system Cashless society: from Sweden to India, some might get left behind A growing risk of banking disaster in a cashless economy Sweden: citizen rebelling against a cashless economy
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Cyberterrorism: the electronic banking system at risk





Cyberterrorism: the electronic banking system at risk

Once hailed for the increased financial security it would provide, the digital revolution is now showing its dark side, with a new and potent form of digital threat. Across the world, increases in fraud are alarming consumers and leaving law-enforcement agencies faced with a task they are ill-equipped to tackle. To make matters worse, the cashless revolution aims to eliminate the fallback solution: currency.


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Go Further

Survey shows cash is still popular - 10/24/2019

Cash is not dead: most Americans have reservations on going cashless - 10/15/2019

Philadelphia’s ban on cashless stores went into effect - 10/09/2019

The future of cashless businesses at risk in a context of classism criticism - 10/04/2019

Doing without cash will mean much less fun - 10/03/2019

Failure of cashless initiatives shows people care about cash - 10/02/2019

A growing number of cities say no to cashless stores - 09/13/2019

Stats Canada requested banking information of 500,000 Canadians without their knowledge - 05/24/2019

Lawmakers in US Congress propose bans on cashless stores - 05/22/2019

In the UK, the Commons Treasury committee warn that move to cashless society will hit elderly and poor - 05/15/2019

Sweetgreen salad restaurant chain reverses its cashless policy - 04/30/2019

People refuse cashless stores in Philadelphia - 04/26/2019

Access to Cash Review : "Transition to cashless Society could lead to Financial Exclusion and System Vulnerability" - 03/15/2019

Cyber theft - A serious concern in cashless India - 03/13/2019

"In 2018, over a third of the world’s consumers experienced debit or credit card fraud,” says Justin Hansen, security architect at Venafi. - 02/13/2019

Banknotes are actually good for the environment ! - 02/12/2019

The ecological impact of the disappearance of cash - 01/29/2019

Cash is not the king of crime and tax evasion - 12/07/2018

Cybercrime: the invisible theft in the cashless economy - 11/06/2018

The philadelphia city council will ban cashless stores. - 10/26/2018

In Washington Metro wants to make cash disappear: Critics worry the change will disproportionately affect the poor - 10/01/2018

Not all consumers are happy, while more and more retailers are refusing cash - 09/20/2018

Major retailers delay New Jersey's bill to ban cashless stores - 09/17/2018

Investing in a cashless society - 09/05/2018

British Retailer Dixons Carphone Faces a Major Breach That Affects Nearly Six Million Bank Cards - 07/10/2018

One of Asia’s Largest Cryptocurrency Exchange Hacked - 07/10/2018

A New Bill in Washington D.C. Would Bar Local Restaurants From Refusing Cash - 07/10/2018

A growing risk of banking disaster in a cashless economy - 06/04/2018

In Sweden, authorities fear "negative spiral" as society goes cashless 'too fast' - 06/04/2018

Visa's payment system: massive outage in Europe, fragility of global payments brought to light - 06/04/2018

Banking Security

How cashless lobbyists play with coronavirus

People still have trust in cash

Cashless economy questions our security systems

India faces threats of a cashless economy

Have your say

Cash won't disappear in the US

Cash won't disappear in the US
The United States continues to break away from cash transactions. The popularity of online shopping and the increase in alternative payment methods has pushed many consumers to eliminate cash from their lives. Would going cashless be good for America? What are the pros and cons of a cash-free...

Cashless society is not a good solution

Cashless society is not a good solution
On its face, New York City’s new ordinance requiring restaurants and retail outlets to accept cash as an optional form of payment or face stiff fines seems ridiculous. We doubt many people who could afford a fancy restaurant, for instance, do not have a credit card. But the truth is New York and...

What would a cashless economy mean for the environment?

What would a cashless economy mean for the environment?
Human-influenced global warming is a hot topic. With protests and sit-ins sprouting up around the world, people are worried. Progress, now, would be a move towards more environmentally sustainable, ‘green’ practices in everything that we do. There is fairly solid consensus on this, at least among...
Academic Research

Ecology: The Carbon Footprint of the New Means of Payment

Children, education and the ethical issue in a cashless society

John Howland Cochrane, economist and professor at Berkeley: "The ability to transact with anonymity and privacy has been a central freedom for hundreds of years."

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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The debate

How cashless lobbyists play with coronavirus

How cashless lobbyists play with coronavirus
Cash has been the target of the banking and financial elites for years. Now, the coronavirus...

People still have trust in cash

People still have trust in cash
Innovations in digital have transformed the world of banking over the last decade, but could the...

Coronavirus is also a threat in cashless societies

Coronavirus is also a threat in cashless societies
Better contingency plans need to be put in place to avoid vulnerable members of society struggling...

Delaware is fighting cashless

Delaware is fighting cashless
Delaware lawmakers have introduced legislation to prohibit businesses from rejecting cash payments....

Cities are right to fight against all cashless

Cities are right to fight against all cashless
Some businesses want to stop accepting cash, but many cities are stepping up to make that illegal....

Coronavirus: banknotes are not more dangerous than credit cards

Coronavirus: banknotes are not more dangerous than credit cards
As the world continues to fight against the Coronavirus epidemic, the World Health Organization has...

The nightmare of being unbaked in New York City

The nightmare of being unbaked in New York City
It was a hot summer evening, and all Hembert Figueroa wanted was a cool drink. He watched longingly...

Becoming 100% cashless: Tesco's mistake

Becoming 100% cashless: Tesco's mistake
The Queen has managed without it for years, but for most of us, carrying cash is still a necessary...

Low income Californians should be protected

Low income Californians should be protected
Last May, Burger Patch first opened its doors in midtown Sacramento with a sign that said “No Cash...

Warren Buffet votes for cash and freedom

Warren Buffet votes for cash and freedom
If Warren Buffett ever walks into your store or restaurant, he's likely to pay for his purchases in...
The website "Cashless Economy" (cashless-economy.com) is edited by individuals and civil society groups fully committed to defending privacy and civil liberties against abuse and the risks inherent in a cashless society.
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