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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The cashless society hurts the poor: experience feedback from India





The cashless society hurts the poor: experience feedback from India
"My own research on the persistence of Delhi’s informal recycling economy shows just how important cash is to low-income laborers", says Dana Kornberg, Ph.D. Candidate in Sociology at the University of Michigan.
(...)
"If such a future exists, it is still a long way off, at least in India. According to a 2014 study, just 10 percent of Indians over 15 had ever made a digital payment. And in countries where a large share of transactions are already done digitally, there’s evidence that this does not serve the poor well."

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Banking Security

Cashless economy questions our security systems

India faces threats of a cashless economy

The Dangers of a Cashless Economy

Asia’s cashless society will only benefit governments

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

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 reasons to say no to cashless society

The reasons to say no to cashless society
In the District, restaurants and businesses alike are following an increasing nationwide...

Cashess is a threat for the unbanked

Cashess is a threat for the unbanked
The D.C. Council on Thursday considered legislation that would ban cashless, brick-and-mortar...
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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