Property News · March 21, 2016

Why we should fear a cashless world | Dominic Frisby


Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillanceThe health food chain Tossed has just opened the UK’s first cashless cafe. It’s another step towards the death of cash.This is nothing new. Money is tech. The casting of coins made shells, whales’ teeth and other such primitive forms of money redundant. The printing press did the same for precious metals: we started using paper notes instead. Electronic banking put paid to the cheque. Contactless payment is now doing the same to cash, which is becoming less and less convenient. In the marketplace convenience usually wins. Continue reading…

Source : theguardian.com
Read more…Why we should fear a cashless world | Dominic Frisby

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