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Ethics

Will financial inclusion always be possible without cash? - 02/26/2019

A large part of our donations is possible thanks to the presence of cash in our pockets. Spontaneous donation is much more difficult without cash, and people in need, as well as small charitable organizations, often experience difficulties in the world where money exists only in electronic form. Read more  

What about poverty and financial inclusion in a cashless society? - 02/14/2019

Some believe that soon our society should completely give up cash. Will such a deal be successful? And will we regret our decision? There are more questions than explanations, but some outcomes can be predicted now. For example, the life of homeless and low-income people may worsen even more due to their actual isolation from the world. Read more

Electronic payments are an ecological disaster - 02/05/2019

With the war on cash, environmentalists are growing concerned that the increase in online payments will add a large energy bill to societies, compared to the old-fashioned paper banknote. Although ecology and currency may seem distant concepts, the amounts involved, should currency cease to exist, make it a very serious risk. Read more  

In a cashless society under-privileged classes are in the line of fire - 12/27/2018

One of the most scrutinized indicators in the economic studies on poverty is access to the banking sector. Categories of populations with no such access are considered under economic strain. But banks are no life-rafts for the poor. As banks continue to press for the disappearance of cash, the risk for underprivileged populations to find themselves excluded from financial markets increases. Read more  

The cashless society from an ethical point of view - 12/12/2018

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.

Cash remains the best way to stay free - 12/01/2018

Are electronic payments the gateway to freedom? Not so, claim the proponents of cash. While electronic payments do enable to make payments at anytime, anywhere, they have inherent limits to the liberty they offer. Cash is simply ownedn regardless of external factor. Power shortages, be they on the power grid or simply a dead phone battery, will have no effect whatsoever on a person's capacity to conduct financial operations in cash. This argument is even more valid in rural areas where internet access can be haphazard, or in the poorer segments of the population. Toby Mayjes warns that:...

Social unity : the true value of cash - 11/10/2018

In the past couple of decades, major economic shifts have occurred with the appearance of countless electronic payment solutions, such as Paypal, Apple Pay or Venmo. The change has not only occurred within the consumer’s habits, as businesses have started adapting to the cashless trend, and even promoting it. With the increasing level of individual computerization, which experts now call the Internet of Everything, e-money seems to have a bright future ahead. Not for everyone. Germany, for instance, seems an island in the cashless tide. Even countries, such as India, Sweden, Denmark and...

Cashless society : the environmental cost of the digital era - 11/06/2018

A choice will soon need to be made, within the digital revolution. Will the choice be made to protect the planet or to further enhance ease-of-living? With every innovation, grows a new risk for the environment, and the question whether traditional ways aren’t more ecological. With the expansion of electronics within every aspect of our lives, a discrete but enormous source of energy consumption has contributed to endangering the world we live in. 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









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Top Ten Things To Know

The debate

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?

Does a cashless economy really boost economic growth for all?

Governments and sovereignty concerns in a cashless society

Why commercial banks are lobbying in favor of a cashless economy

Ecology: the carbon footprint of payment means in a cashless economy

The convenience of payments means in a cashless economy