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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Is going full cashless society a threat?





Is going full cashless society a threat?
Despite inquests spurred by the Cambridge Analytica scandal, many of us have pretty much accepted Facebook eavesdropping on us as part of life. However, e-wallets expose us on a whole new level. Setting up an e-wallet requires identity proof which involves submission of identity cards or passports. The removal of anonymity allows every online activity to be traced back to a person.

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Go Further

The Dangers of a Cashless Economy - 10/01/2019

"It's time to halt the relentless drive for a cashless society" Ross Clark - 09/21/2019

Cashless society: two sides of the debate - 09/20/2019

The cashless society in question: why going cashless puts privacy at risk? - 09/17/2019

The IMF wants to ban cash so so you pay the bank to hold your money - 08/26/2019

A cashless society may not equal financial inclusion - 08/23/2019

What the demise of the cashless society will really mean - 06/21/2019

Cashless backlash delays move to walletless economy - 05/28/2019

What are the pitfalls of a cash-free society ? - 05/03/2019

In a cashless society, Big Brother will always know when you buy milk - 04/26/2019

Education: how will we teach the value of money without cash? - 01/22/2019

Cashless society Vs terrorism: Are States fighting last year’s war again? - 12/12/2018

Inclusion: a cashless economy fights the poorest, not poverty - 06/04/2018

A cashless economy to root out theft and petty crime? - 06/04/2018

A cashless economy as a bulwark against fraud and tax evasion? - 06/04/2018

Does a cashless economy really boost economic growth for all? - 06/01/2018

Governments and sovereignty concerns in a cashless society - 06/01/2018

Why commercial banks are lobbying in favor of a cashless economy - 06/01/2018

Ecology: the carbon footprint of payment means in a cashless economy - 06/01/2018

The convenience of payments means in a cashless economy - 06/01/2018

Mass surveillance in a cashless economy: freedom & privacy at risk - 06/01/2018

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 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 cashless society in question: why going cashless puts privacy at risk?

The cashless society in question: why going cashless puts privacy at risk?
The debate around the cashless society has gained momentum. One of the main fears to stand out is...

The IMF wants to ban cash so so you pay the bank to hold your money

The IMF wants to ban cash so so you pay the bank to hold your money
As the Federal Government moves to ban cash transactions above $10,000, there's a theory gaining...

A cashless society may not equal financial inclusion

A cashless society may not equal financial inclusion
As the world adopts the digitisation of everyday life, there is a global trend aiming at financial...

What the demise of the cashless society will really mean

What the demise of the cashless society will really mean
Are you all about the cash or card these days? We are slowly moving towards a cashless society and...

Is going full cashless society a threat?

Is going full cashless society a threat?
Despite inquests spurred by the Cambridge Analytica scandal, many of us have pretty much accepted...

Cashless backlash delays move to walletless economy

Cashless backlash delays move to walletless economy
Laura Leister, owner of Pieces, a board game bar and restaurant in St. Louis, Missouri, said she...

What are the pitfalls of a cash-free society ?

What are the pitfalls of a cash-free society ?
Amid the benefits of digital payments – their ease of use, potential to cut costs for businesses...
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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