Cashless Economy
What about coin shortage? Australians don't want cashless Australia now experiences the dark side of cashless socirty Is unbanked Ghana really looking for cashless society? How to create a coin shortage to go cashless Australia discovers the problems of a cashless society Cashlees society: low income Canadians are left behind UK Government must protect the most vulnerable against cashless society Despite Government attacks, cash is still king in India "This shift to all-digital upends the foundation of our economy and creates unintended consequences for consumers." Frank Sorrentino, CEO of ConnectOne Bank
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One of Asia’s Largest Cryptocurrency Exchange Hacked





One of Asia’s Largest Cryptocurrency Exchange Hacked
South Korea-based cryptocurrency exchange Bithumb briefly suspended its deposit and withdrawal services after hackers stole over $30 million worth of virtual currency, the company said on Wednesday.

The exchange, which is based in Seoul, conveyed the message to its followers on Twitter in a series of tweets on June 19, including one confirming that the stolen coins would be covered by Bithum’s own reserves. It also confirmed that all users’ assets would be transferred to a different wallet system.

The transferred assets were quickly placed in a cold wallet – a method used for the long-term storage of a large amount of money/cryptocurrencies that is only connected to the internet when making a transaction – to decrease the likelihood of further funds being stolen.

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Go Further

What about coin shortage? - 08/03/2020

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

Cyberterrorism: the electronic banking system at risk - 02/18/2019

"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

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

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Banking Security

Old Americans are victims of COVID-19 and the cashless lobbying

Banknotes are not spreading COVID-19

The numerous drawbacks of cashless society

When cashless leads to jobless

Have your say

Money laundering is now digital

Money laundering is now digital
Anti-money laundering service, SmartSearch details the new ways money laundering is taking place in the digital age. With the rapid advancements in mobile technology and internet accessibility, people can engage with financial institutions 24/7. In fact, 64% (YouGov) of Brits use their smartphone...

Cashless transactions are a burden for small businesses

Cashless transactions are a burden for small businesses
OPINION: Reductions in transaction fees paid to banks and credit card companies would help save brick and mortar Canadian businesses, which are facing many new expenses and significant lost revenue due to the pandemic. Over the course of the last few months, businesses in every sector have been...

Coronavirus: banknotes no worse than other objects

Coronavirus: banknotes no worse than other objects
There has been a surprising emphasis placed on the role of banknotes in the spread of the coronavirus. As the pandemic only intensifies, it has become clear that there are a great many other objects and surfaces on which the virus can survive — and we cannot seem to stop touching them. Excessive...
Academic Research

Cash still rules and will remain

Ecology: The Carbon Footprint of the New Means of Payment

Children, education and the ethical issue in a cashless society

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 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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