I heard an interview a few days ago with someone who was advocating for a cashless society.
He had a few main points and then all kinds of examples.
Now his first main point is that physical money is incredibly dirty so diseases are spread and it costs money to treat diseases. His other point was that it is extremely expensive to produce coins and paper money. There is much forgery of paper money which really isn't paper anymore as it's made so that it's hard to counterfeit.
Now he went on to give all kinds of examples of how cash would be replaced and what would be used. He also gave information about the present day use of cash.
In the Scandinavian countries only 2% of people use cash. Many businesses have signs that they do not accept cash. So at this time much of the trade is done with credit cards , debit cards, phones, checks or other methods such as bit coin which I don't understand.
In Canada , we've got rid of the penny and now the talk is to get rid of the nickel and if you get rid of the nickel the quarter isn't much good. So you can see where we're going with this. In Canada only 20% of the people use cash.
Now some people think that trading electronically is exceedingly traceable and so privacy is an issue. Now we can't look at anything without an ad appearing mysteriously to advertise the product. I'm looking at a trip to Fiji so my computer screen always has an ad for Fiji. Things are very traceable now.
I think that the cashless society is coming very soon. There are some more technical and electronic issues to solve and then they're ready for no cash.
What do you think? Would you like a cashless society or do you still want to have the money in your hot little hand?
There must be some way for easy excess .
ReplyDeletein news we hear daily something horrible about people who get robbed while carrying cash along.
i think in far future there will be no physical existence of money .
liked the rock bearing snow at her chest.
I think we're going to go cashless but things develop quickly so who knows what we might end up with.
DeleteBad news for the panhandlers.
ReplyDeletethere's always bad news for some people.
DeleteThe cashless society is an interesting concept but I don't think we will be totally cashless in my lifetime. Many countries (think Italy) have cash black economies that vies with the 'official' economy for supremacy. Whilst I was used to people paying for a coffee with a card in New Zealand here in the UK many places will not accept other than cash for small (under £5 or even £10) transactions.
ReplyDeleteI've now caught up with your past posts and although I've not left comments - you once said you didn't respond to comments over a few posts old - you've certainly made some interesting observations. I was particularly moved by your post about Walter.
There are limits on some credit card amounts because of fees the business has to pay for credit card usage. Thanks for reading my previous posts while you've been busy. We've all seen people like Walter and it breaks our hearts.
DeleteThis doesn't work in rural Canada, where you get discounts if you pay cash, and the company or individual doesn't have to pay taxes on it! Just sayin'! It's common practice around here!
ReplyDeleteSo cashless would take care if the cheats!!!
DeleteI carry cash and use it at the coffee shop and to put coins in the parking meters. I would miss it, but you're right: it's incredibly dirty. My sister doesn't ever use cash and was surprised to see how much I carry around with me. :-)
ReplyDeleteI have a card for the parking meters. I buy a card at city hall and each time I use it money is deducted from my account.
DeleteI still prefer to have cash for my purchases.
ReplyDeleteWith credit cards you really have to keep track of your purchases.
Deletecash helps me budget better. I look at my cash and then the calendar to see how I need to be more thrifty
ReplyDeleteA rough estimate works for a budget.
DeleteThese days we put nearly everything on our credit card to get the travel miles, paying off the card every thirty days. Our son never uses money. I don't think he has any in his wallet.
ReplyDeleteWe use the credit card for airmiles. The young guys I hang around with rarely have cash. There's always a nearby ATM
DeleteI rarely pay for anything in cash but I think I'd still prefer to have the choice. I was sad when we lost our penny but now I don't miss it, so maybe it would be the same with all cash. I don't understand bitcoin either!
ReplyDeleteYou are closer to a cashless society than you think.
DeleteWhat no pennies? I had some in a jar too but I turned them in at the bank! I suppose the time is coming when we won't need cash they will just scan our eyeballs or something:)
ReplyDeleteI think there are just a few more technical developments and we're on our way to cashless. Fewer and fewer places will take cash.
DeleteI haven't got a hot little hand. I have got a big warm hairy bear mitt with talons. If money disappears, I really don't mind. Then we can get back to using seashells. You will find plenty of them in Fiji.
ReplyDeleteHot tip on the seashells. I'll load my backpack up! that should really freak out security.
DeleteYou will need to drink grog (yaqona) in a bure with Fijian men. It affects your mind and makes you high in a groggy kind of way. I am sure The Micro Manager will let you off your leash for an hour or two if you ask nicely.
DeleteI would love a cashless society, until the computers go down.
ReplyDeleteHey, what are the old poker players gonna do?
DeleteI pay almost everything with my credit card and then pay off the credit card each month in full. Occasionally I use a debit card or cash, so I like having that option. I see society heading more and more towards being cashless and I imagine at some point it will all be electronic. Just not sure when. I'm okay with it.
ReplyDeleteYou are closer to cashless than you think. We could go cashless and you'd be ready.
ReplyDeleteI don't use much cash anymore either, but I do always have some with me. In places like craft fairs or farmer's markets vendors may not take credit cards, or the purchase might be only a dollar or so.
ReplyDeleteI think the eldery people like us, don't embrace every new idea so quickly as the young ones. So I still use cash money and I use the card both of them.
ReplyDeleteHi Red, I think you've got a good question here. Two things I keep hearing: We're going to go cashless, and they are going to close the Post Office ... no more snail mail. I just have to wonder if I'll be around to see either one happen. By the way, I like the idea of a trip to Fiji! It has been on my list of places to see for years! Have a good weekend!
ReplyDeleteI hardly ever have any cash around except when I go to the bank to get some to send my grandsons for their piggybacks. Since I moved to the South, though, I have found that many small restaurants take cash only and some small businesses charge the customer for using a charge card. We stopped at a small cafe way out in the country a couple weeks ago and found they only took cash. We had to split a meal or go hungry!
ReplyDeleteThis is a very interesting topic, Red. I remember the time when we had to set up an account where our wages were sent, no more cash at work... and many people were complaining about it. Nowadays it's almost a norm and we all got used to it. Yet I believe for some people it's easier to count their cash than to keep an eye on their money at a bank and it seems to me that going cashless would be a mistake causing unnecessary trouble. I like having the option...
ReplyDelete