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

The Dangers of a Cashless Economy

Asia’s cashless society will only benefit governments

The dangers of a cashless society : the case of Sweden

Hong Kong protests show the dangers of a Cashless Society

Have your say

Who would be in control of the currency in a cashless society?

Who would be in control of the currency in a cashless society?
In many ways, recovery from the crisis has become possible due to prudent policies of central banks and states, which included instruments such as adjusting base interest rates and quantitative easing. However, the key role here was played by the very possibility of control over the system. In the...

Why a cashless economy is simply the privatization of digital payments

Why a cashless economy is simply the privatization of digital payments
The share of digital payments is steadily growing. Capgemini and BNP Paribas expect people around the world to make 726 billion transactions using digital payment technologies by 2020. "Non-cash payments have increased in volume due to the rise in adoption of digital payment services across all...

What is the social utility of cash ?

What is the social utility of cash ?
Some say a man is only worth the sum of his possessions; should we produce bank statements, instead of identification, when stopped by the police? But what if the money in our pockets were more than just a financial instrument used to acquire goods? What if banknotes were the first societal link...
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

The dangers behind a cashless economy

The dangers behind a cashless economy
As the country continues its inexorable march towards becoming a cashless society, it’s important...

Cashless makes you spend more

Cashless makes you spend more
Many countries have already started to shun physical money – and the UK and USA are already lagging...

ECB defends cash over digital payment

ECB defends cash over digital payment
The European Central Bank defended the continued use of cash, despite society’s shift toward...

A cashless society will come at an ecological cost

A cashless society will come at an ecological cost
While all technological advances are also judged on their environmental impact, it seems that the...

The US is not ready (yet) to be cashless

The US is not ready (yet) to be cashless
Cash may have once been king, but for years, cash has been losing its grip on the crown. More...

Going cashless should be an option

Going cashless should be an option
The report by Slaughter & May into last April’s failure of TSB’s IT system in April last year...

When cashless economy means a bigger generational and income divide

When cashless economy means a bigger generational and income divide
Desmond White leads a very modern life, riding his bike around inner-city Newcastle, where he lives...

The Dangers of a Cashless Economy

The Dangers of a Cashless Economy
Shoppers beware! The saying goes: the road to hell is paved with good intentions, and the devil...

"It's time to halt the relentless drive for a cashless society" Ross Clark

"It's time to halt the relentless drive for a cashless society" Ross Clark
HOW ironic that at a time when the Bank of England is putting more women on banknotes in order to...

Cashless society: two sides of the debate

Cashless society: two sides of the debate
Recently, a number of states in the US brought in legislation to prevent the rise of so-called...
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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