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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What about poverty and financial inclusion in a cashless society?





What about poverty and financial inclusion in a cashless society?
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.

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Banking Security

Cash is glowing in New Zealand

When cashless debit card causes stigma and stress

Going cashless is a gift to China

Enough of fake news about cash and COVID-19

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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...

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...
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

Bank of Canada is concerned about cashless economy

Bank of Canada is concerned about cashless economy
TORONTO -- Even before the COVID-19 pandemic, consumers had been increasingly using forms of...

COVID-19: Cash is not a problem

COVID-19: Cash is not a problem
Some people worry that cash may be spreading the coronavirus. Earlier this year, both China and...

Fast moves towards cash are spreading the virus of social exclusion

Fast moves towards cash are spreading the virus of social exclusion
Fears of coronavirus spreading through cash have been diffused by health authority engagement....

Cash is glowing in New Zealand

Cash is glowing in New Zealand
Despite the apparent shunning, by the masses, of cash, the amount of cash in circulation has never...

When cashless debit card causes stigma and stress

When cashless debit card causes stigma and stress
The findings of a report into the federal government’s cashless debit card, which was quietly...

Going cashless is a gift to China

Going cashless is a gift to China
We are, yet again, in danger of being consumed by the Chinese borg: While much of the world is...

Enough of fake news about cash and COVID-19

Enough of fake news about cash and COVID-19
No, cash payments will not spread the virus Early statements by the World Health Organization...

The bad move toward cashless economy

The bad move toward cashless economy
Even prior to the outbreak of coronavirus, many brick-and-mortar retailers across the country, for...

The Gates Foundation and its war on cash

The Gates Foundation and its war on cash
Back in November 2016, the Indian government decided to remove all 500- and 1000-rupee notes from...

Coronavirus: Low risk of contamination through banknotes

Coronavirus: Low risk of contamination through banknotes
Media and social networks have been arguing about the safety of paper money since the COVID-19...
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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