A cashless society could lead to loss of privacy and freedom, exclusion of vulnerable groups, and increased security risks. It may empower companies and governments over individuals by allowing greater surveillance and control over people's behavior and financial decisions. While a cashless system could reduce crime, it could also deepen poverty and exclusion by leaving those without access to digital payment methods behind. There are also concerns about increased risks of cybercrime and fraud in a fully digital payment system. Overall the document discusses both benefits and significant risks of moving to a cashless society.
Here are some of the most thought-provoking banking quotes that you ever find. They come from bankers and people from all walks of life including celebrities. https://maestrack.com/banking-quotes/
Hang on to your cash. This dash to digitis payment is dangerousCashlessSociety
This article argues that the push towards a cashless society opens citizens up to greater financial surveillance and removes autonomy over personal economic transactions. While digital payments are convenient, removing the option for cash takes away flexibility and risks excluding those without access to banking. Private companies see cash as competition and are working to phase it out, but most people see cash as a normal public utility rather than a "social evil". The surveillance implications of a fully digitized payment system could enable new forms of economic control and censorship by governments and corporations.
This document provides a creative brief for an advertising campaign for Venmo. The goal is to distinguish Venmo from other payment apps by showing it is the fun way to pay. The target audience is "The Here and Nows" - people who spend money in the moment and share what they do. Currently they see competitors as boring. The campaign wants them to see Venmo as enhancing relationships. The key idea is to show how Venmo connects users by allowing them to share both money and memories. This is supported by how Venmo was created as a social app to make money transfers fun while connecting friends. The tone should be inclusive, entertaining, and rebellious. The headline for a print ad would be "Share everything
Ninety white paper: The Sharing Economy - An insurance briefingEmma Redington
This white paper deals with the impacts and opportunities of the sharing economy on the insurance sector. Lord Wei, Chair of Ninety’s Future Strategy Board, says in his foreword to this white paper: “The Sharing Economy gives rise to both significant opportunities and challenges as new technology enables all kinds of people to access the "on demand" lifestyle. In insurance, these challenges are well documented in this excellent and practical briefing from Ninety, which I hope will not only inform the industry but also policy-makers and politicians such as myself."
The article discusses the growing pains facing bitcoin as it transitions from a novelty to a mainstream currency and payment system. While startups are forming around uses like brokerages and bitcoin storage, consumers remain unconvinced of using bitcoin to buy goods and services. Regulators are also proving challenging, imposing new rules around capital gains taxes and how banks can handle bitcoins. The future of bitcoin is uncertain, as it works to match the rhetoric around its potential with real-world adoption, but some see opportunities in uses like international payments and micropayments in emerging markets.
Electronic and digital currencies like bitcoin provide a new way to transfer money globally with very low fees. While they currently lack regulations, cryptocurrencies allow migrant workers to send money home more cheaply than traditional money transfer services. The decentralized nature of cryptocurrency networks also enables peer-to-peer transactions without centralized control. However, cryptocurrencies are still in their early stages and face challenges around their status as legal tender and how they should be classified for tax and regulatory purposes.
Here are some of the most thought-provoking banking quotes that you ever find. They come from bankers and people from all walks of life including celebrities. https://maestrack.com/banking-quotes/
Hang on to your cash. This dash to digitis payment is dangerousCashlessSociety
This article argues that the push towards a cashless society opens citizens up to greater financial surveillance and removes autonomy over personal economic transactions. While digital payments are convenient, removing the option for cash takes away flexibility and risks excluding those without access to banking. Private companies see cash as competition and are working to phase it out, but most people see cash as a normal public utility rather than a "social evil". The surveillance implications of a fully digitized payment system could enable new forms of economic control and censorship by governments and corporations.
This document provides a creative brief for an advertising campaign for Venmo. The goal is to distinguish Venmo from other payment apps by showing it is the fun way to pay. The target audience is "The Here and Nows" - people who spend money in the moment and share what they do. Currently they see competitors as boring. The campaign wants them to see Venmo as enhancing relationships. The key idea is to show how Venmo connects users by allowing them to share both money and memories. This is supported by how Venmo was created as a social app to make money transfers fun while connecting friends. The tone should be inclusive, entertaining, and rebellious. The headline for a print ad would be "Share everything
Ninety white paper: The Sharing Economy - An insurance briefingEmma Redington
This white paper deals with the impacts and opportunities of the sharing economy on the insurance sector. Lord Wei, Chair of Ninety’s Future Strategy Board, says in his foreword to this white paper: “The Sharing Economy gives rise to both significant opportunities and challenges as new technology enables all kinds of people to access the "on demand" lifestyle. In insurance, these challenges are well documented in this excellent and practical briefing from Ninety, which I hope will not only inform the industry but also policy-makers and politicians such as myself."
The article discusses the growing pains facing bitcoin as it transitions from a novelty to a mainstream currency and payment system. While startups are forming around uses like brokerages and bitcoin storage, consumers remain unconvinced of using bitcoin to buy goods and services. Regulators are also proving challenging, imposing new rules around capital gains taxes and how banks can handle bitcoins. The future of bitcoin is uncertain, as it works to match the rhetoric around its potential with real-world adoption, but some see opportunities in uses like international payments and micropayments in emerging markets.
Electronic and digital currencies like bitcoin provide a new way to transfer money globally with very low fees. While they currently lack regulations, cryptocurrencies allow migrant workers to send money home more cheaply than traditional money transfer services. The decentralized nature of cryptocurrency networks also enables peer-to-peer transactions without centralized control. However, cryptocurrencies are still in their early stages and face challenges around their status as legal tender and how they should be classified for tax and regulatory purposes.
The document discusses various topics related to digital citizenship including identity, privacy, credibility, participation, and ethics online. It provides perspectives from studies and experts on topics like social media use, cyberbullying, digital divides, and security and privacy risks. Throughout history, new technologies have both enabled opportunities and risks that society works to understand and address.
Is the world destined to become a cashless society?CogitoMedia
The consequences of the pandemic of 2020 were quite tragic, but if we look at the brighter side, this period pushed us to develop new digital systems and progressive ideas. These digital systems included the modes of payment that we use every day now.
Since the coronavirus had properties of air-borne diseases, it was kind of impossible to pay cash in hand to people due to the fear of disease transmission and therefore, no contact, digital or cashless transactions became popular during this time. As a result of this, a new world was born where cashless modes of payment were preferred over physical cash exchanges. This evolution definitely moved us to think if we can become a cashless society. But wait, what is a cashless society? Have you thought about it?
The document is a manifesto for "The Bubble Generation" which argues that blockchain/crypto entrepreneurs are the new "rock stars" building a new economy. It claims the previous generation failed and that regulations need to adapt to the new decentralized economy, which will create jobs and benefits despite critics calling it a bubble. It invites supporters and opponents to dialogue to move the industry from the "gray zone" to being openly understood and accepted.
MAINSTREAM MEDIA FAILS AT BITCOIN AGAINSteven Rhyner
Mainstream media is at it again with reports about Bitcoin that are very far fetched. The journalists of these stories appear to have no clue what they are writing about.
Cash is more than a method of payment. It is a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. This paper shows that a cashless economy is a surveillance economy. It also argues that removing the option to freely transact without intermediation greatly limits our economic self-determination, placing our economic lives in the hands of financial institutions and governments. This paper presents several case studies demonstrating the dangers of a completely intermediated payments system and concludes that electronic cash is a tool that should not only be tolerated, but fostered and celebrated.
Has the internet made everything shit? by Chris clarke at ICEEFEST 2013ICEEFEST2013
The document discusses some of the unintended consequences of the internet, including how the need for clicks and attention has led news and media to prioritize sensationalism over quality reporting. It also notes that a small number of large tech companies have concentrated power and control over user data. However, it maintains that there are also opportunities to use data for good if brands and agencies can create helpful products and services with real-time insights.
A Website That Writes Essays For You Has To Be Reliable | penessays.com. 5 Best Websites That Write Essays For You In USA - The European .... Websites That Write Essays for You: Top 10 Services. Essay Writer Website Template. Top Websites to Get Free Essays Online | CustomEssayMeister.com. 10 Best Websites That Write Essays For You | Online Homework Help for Free. Discover the Best Essay Writing Website Online. Best websites for custom essays writing. The 5 Best Websites that Write Essays for You - Limitlesso. Essay Writing Website Template Free Download | Download Essay Writing .... 7 Best Websites to Write My Essay: Find Your Helper Here. Websites to help write essays! Websites That Write Essays For You. 012 Website That Writes Essays For You Free Essay Editing Checklist .... Website That Write Essays for You - MyEssayDoc. Websites that write essays for you in love - EssayForYou - Best place .... Good Essay Help Website - Best Essay Writers Here | Order Your Own .... Websites that write essays for you have kids - Write My Paper • Best .... The best essay writing website - Writing Center 24/7.. Website that write essays for you x real - Essay writing services for .... Websites for essay writing - 24/7 Homework Help.. Website That Does Essays For You | Website That Writes Essays .... School Essay: Websites that can write essays for you. Website Writes Essays For You - Essay writer service. Narrative essay: Best write my essay website. Websites Help Write Essay - Who is the best person to write my essay?. Best Website that Writes Essays for You - - Writer, the Internet .... Essay Writing Website Template #59201 - TemplateMonster. Best websites for essays - The Writing Center.. Websites that write essays - The Writing Center. Website That Write Essays For You
Going cashless ? Bad for taxes cheats, privacy, poorCashlessSociety
The document discusses the debate around moving to a cashless society. It notes that while cash accounts for a small percentage of economic activity, its use is still important for many transactions, especially small purchases and among low-income individuals. Moving to a fully digital payment system could provide benefits like reduced costs, increased tax collection and financial transparency, but also risks like loss of privacy and greater control by governments and banks over individuals' finances. India's recent attempt to remove most cash from circulation highlighted challenges, as it severely disrupted the economy and informal sectors and negatively impacted many citizens in the short-term. Overall the transition away from cash is likely to be gradual and uneven rather than an abrupt change to a completely cashless system.
This document discusses the concept of digital citizenship as more aspects of people's lives move online. It notes that while the internet provides greater freedom and possibilities for identity exploration and networking, it can also enable harmful behaviors like hate speech. When people curate their own online realities and networks, they tend to stay "thin" and surround themselves with those similar to themselves. The document calls for people to become "virtuosos" online by seeking to broaden their experiences and networks, and to take ownership of their "virtual footprint" by reflecting on whether their online presence has a positive impact.
Social Innovation through FinTech - Shantanu Bhagwat Shantanu Bhagwat
This document discusses the opportunities for financial technology (fintech) in promoting social innovation and development. It notes that a large percentage of the world's population remains "unbanked" without access to formal financial services. Fintech can help address this through approaches like microfinance, peer-to-peer lending platforms, and using blockchain technology to build trust in sharing economy platforms. While fintech growth promises benefits like lower costs and greater financial inclusion, ensuring the poor and vulnerable are not left behind remains a challenge to realizing its potential for development.
Presentation for Government Blockchain Association l San Juan, Puerto Rico l Piloto 151, 7'June 2018
(c) Vladislav Solodkiy, A.ID
www.followthemoney.id
Eventually currency in the form of coins and paper will be completely replaced by electronic systems of transferring money.” To what extent is this true and what will be the advantages and disadvantages?
MakerEd & Techno Creative Projects
Through the development of this Case study, you will become aware of technological megatrends, as well as of some tools that support the creative process. Teamwork, creativity, critical thinking, and problem-solving are some of the competencies that are promoted in this form of activity.
The document summarizes quotes from various speakers at a presentation discussing emerging trends in financial technology. Key topics discussed include the growth of digital currencies and mobile payments, the importance of data sharing and access to financial services, and the need for established financial institutions to adapt to changing consumer demands and new fintech entrants.
The cashless direction in which the world is moving has both its advantages and shortcomings, as was clear at a recent event hosted by UK challenger bank Monzo, where speakers debated the question, ‘Is cash dead?’
The cashless direction in which the world is moving has both its advantages and shortcomings, as was clear at a recent event hosted by UK challenger bank Monzo, where speakers debated the question, ‘Is cash dead?’
Pia Mancini - Global Grand Challenge: GovernanceSUCanadaSummit
The implications and opportunities of many of the technological breakthroughs happening now and in the near future will be nothing short of disruptive to our lives, our businesses and industries, and society as a whole. A new understanding and set of tools are required to stay ahead of this exponential curve, through which we will solve some of the greatest problems facing humanity today. Once you’ve tackled these challenges, where are the opportunities to both run a successful business and positively impact lives?
The document discusses the importance of cash during the COVID-19 pandemic. It notes that the pandemic has caused economic recession around the world and increased demand for essential items. Studies of past disasters, like earthquakes in New Zealand, show that cash is more reliable when systems are disrupted and helps stimulate local economies. The pandemic has also led many businesses and individuals to draw from credit lines to have more cash on hand. Cash provides financial security during times of crisis when technology may be compromised.
The document discusses various topics related to digital citizenship including identity, privacy, credibility, participation, and ethics online. It provides perspectives from studies and experts on topics like social media use, cyberbullying, digital divides, and security and privacy risks. Throughout history, new technologies have both enabled opportunities and risks that society works to understand and address.
Is the world destined to become a cashless society?CogitoMedia
The consequences of the pandemic of 2020 were quite tragic, but if we look at the brighter side, this period pushed us to develop new digital systems and progressive ideas. These digital systems included the modes of payment that we use every day now.
Since the coronavirus had properties of air-borne diseases, it was kind of impossible to pay cash in hand to people due to the fear of disease transmission and therefore, no contact, digital or cashless transactions became popular during this time. As a result of this, a new world was born where cashless modes of payment were preferred over physical cash exchanges. This evolution definitely moved us to think if we can become a cashless society. But wait, what is a cashless society? Have you thought about it?
The document is a manifesto for "The Bubble Generation" which argues that blockchain/crypto entrepreneurs are the new "rock stars" building a new economy. It claims the previous generation failed and that regulations need to adapt to the new decentralized economy, which will create jobs and benefits despite critics calling it a bubble. It invites supporters and opponents to dialogue to move the industry from the "gray zone" to being openly understood and accepted.
MAINSTREAM MEDIA FAILS AT BITCOIN AGAINSteven Rhyner
Mainstream media is at it again with reports about Bitcoin that are very far fetched. The journalists of these stories appear to have no clue what they are writing about.
Cash is more than a method of payment. It is a fundamental tool for individual privacy and autonomy, and it is necessary for an open society. This paper shows that a cashless economy is a surveillance economy. It also argues that removing the option to freely transact without intermediation greatly limits our economic self-determination, placing our economic lives in the hands of financial institutions and governments. This paper presents several case studies demonstrating the dangers of a completely intermediated payments system and concludes that electronic cash is a tool that should not only be tolerated, but fostered and celebrated.
Has the internet made everything shit? by Chris clarke at ICEEFEST 2013ICEEFEST2013
The document discusses some of the unintended consequences of the internet, including how the need for clicks and attention has led news and media to prioritize sensationalism over quality reporting. It also notes that a small number of large tech companies have concentrated power and control over user data. However, it maintains that there are also opportunities to use data for good if brands and agencies can create helpful products and services with real-time insights.
A Website That Writes Essays For You Has To Be Reliable | penessays.com. 5 Best Websites That Write Essays For You In USA - The European .... Websites That Write Essays for You: Top 10 Services. Essay Writer Website Template. Top Websites to Get Free Essays Online | CustomEssayMeister.com. 10 Best Websites That Write Essays For You | Online Homework Help for Free. Discover the Best Essay Writing Website Online. Best websites for custom essays writing. The 5 Best Websites that Write Essays for You - Limitlesso. Essay Writing Website Template Free Download | Download Essay Writing .... 7 Best Websites to Write My Essay: Find Your Helper Here. Websites to help write essays! Websites That Write Essays For You. 012 Website That Writes Essays For You Free Essay Editing Checklist .... Website That Write Essays for You - MyEssayDoc. Websites that write essays for you in love - EssayForYou - Best place .... Good Essay Help Website - Best Essay Writers Here | Order Your Own .... Websites that write essays for you have kids - Write My Paper • Best .... The best essay writing website - Writing Center 24/7.. Website that write essays for you x real - Essay writing services for .... Websites for essay writing - 24/7 Homework Help.. Website That Does Essays For You | Website That Writes Essays .... School Essay: Websites that can write essays for you. Website Writes Essays For You - Essay writer service. Narrative essay: Best write my essay website. Websites Help Write Essay - Who is the best person to write my essay?. Best Website that Writes Essays for You - - Writer, the Internet .... Essay Writing Website Template #59201 - TemplateMonster. Best websites for essays - The Writing Center.. Websites that write essays - The Writing Center. Website That Write Essays For You
Going cashless ? Bad for taxes cheats, privacy, poorCashlessSociety
The document discusses the debate around moving to a cashless society. It notes that while cash accounts for a small percentage of economic activity, its use is still important for many transactions, especially small purchases and among low-income individuals. Moving to a fully digital payment system could provide benefits like reduced costs, increased tax collection and financial transparency, but also risks like loss of privacy and greater control by governments and banks over individuals' finances. India's recent attempt to remove most cash from circulation highlighted challenges, as it severely disrupted the economy and informal sectors and negatively impacted many citizens in the short-term. Overall the transition away from cash is likely to be gradual and uneven rather than an abrupt change to a completely cashless system.
This document discusses the concept of digital citizenship as more aspects of people's lives move online. It notes that while the internet provides greater freedom and possibilities for identity exploration and networking, it can also enable harmful behaviors like hate speech. When people curate their own online realities and networks, they tend to stay "thin" and surround themselves with those similar to themselves. The document calls for people to become "virtuosos" online by seeking to broaden their experiences and networks, and to take ownership of their "virtual footprint" by reflecting on whether their online presence has a positive impact.
Social Innovation through FinTech - Shantanu Bhagwat Shantanu Bhagwat
This document discusses the opportunities for financial technology (fintech) in promoting social innovation and development. It notes that a large percentage of the world's population remains "unbanked" without access to formal financial services. Fintech can help address this through approaches like microfinance, peer-to-peer lending platforms, and using blockchain technology to build trust in sharing economy platforms. While fintech growth promises benefits like lower costs and greater financial inclusion, ensuring the poor and vulnerable are not left behind remains a challenge to realizing its potential for development.
Presentation for Government Blockchain Association l San Juan, Puerto Rico l Piloto 151, 7'June 2018
(c) Vladislav Solodkiy, A.ID
www.followthemoney.id
Eventually currency in the form of coins and paper will be completely replaced by electronic systems of transferring money.” To what extent is this true and what will be the advantages and disadvantages?
MakerEd & Techno Creative Projects
Through the development of this Case study, you will become aware of technological megatrends, as well as of some tools that support the creative process. Teamwork, creativity, critical thinking, and problem-solving are some of the competencies that are promoted in this form of activity.
The document summarizes quotes from various speakers at a presentation discussing emerging trends in financial technology. Key topics discussed include the growth of digital currencies and mobile payments, the importance of data sharing and access to financial services, and the need for established financial institutions to adapt to changing consumer demands and new fintech entrants.
The cashless direction in which the world is moving has both its advantages and shortcomings, as was clear at a recent event hosted by UK challenger bank Monzo, where speakers debated the question, ‘Is cash dead?’
The cashless direction in which the world is moving has both its advantages and shortcomings, as was clear at a recent event hosted by UK challenger bank Monzo, where speakers debated the question, ‘Is cash dead?’
Pia Mancini - Global Grand Challenge: GovernanceSUCanadaSummit
The implications and opportunities of many of the technological breakthroughs happening now and in the near future will be nothing short of disruptive to our lives, our businesses and industries, and society as a whole. A new understanding and set of tools are required to stay ahead of this exponential curve, through which we will solve some of the greatest problems facing humanity today. Once you’ve tackled these challenges, where are the opportunities to both run a successful business and positively impact lives?
The document discusses the importance of cash during the COVID-19 pandemic. It notes that the pandemic has caused economic recession around the world and increased demand for essential items. Studies of past disasters, like earthquakes in New Zealand, show that cash is more reliable when systems are disrupted and helps stimulate local economies. The pandemic has also led many businesses and individuals to draw from credit lines to have more cash on hand. Cash provides financial security during times of crisis when technology may be compromised.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
2. 2
A CASHLESS SOCIETY …
Means no more privacy & freedom. Page 3
“Hang on to your cash. This dash to digitize payments is dangerous”
“Why we should fear cashless world”
“Cashless society, a huge threat to freedom”
“A cashless future? Sounds like a dream but don’t be fooled”
“Keep away from our money. A cashless society is one where we lose freedom”
“A cashless society would cut crime, and empower big brother”
“Going cashless the real danger is to liberty”
“One year after demonetization, cash is still king”
“Germany is still obsessed with cash”
“The empty promises of a cashless society”
“Certain swedes rebel against a cashless society”
Increases the risk of fraud and minimizes security. Page 5
“Why cybersecurity is crucial as economies take the cashless route”
“Cyber threats at a new high as India goes cashless”
“Why cashless society is a dangerous idea”
“Fraud fears rise as cashless society nears”
“Cashless eco an invitation to online fraudsters”
“Cashless society would be dangerous for financial and national security”
“Swedish Opposition to Cash-free Economy gains momentum”
Leads to exclusion… Page 6
“The rise of the cashless city: “there is this real danger of exclusion””
“Companies like Amazon and Starbucks want to kill cash – and it could be a huge blow to the most vulnerable Americans”
“Does a cashless future means exclusion for some”
“Digital ghetto” “cashless society” pose threats even beyond Orwell, journalist contends.”
“Forgotten victims of the cashless society”
“In the rush toward a cashless society, the poorest are at risk of further exclusion”
..and banks hegemony. Page 7
“No cash only” how negative rates give unexpected boost to Danish banks”
“Why big banks look forward to a cashless society”
“Going cashless? Bad for tax, cheats, privacy, poor”
“A very expensive cashless economy”
“Cashless bank services, a danger for financial elder abuse”
“Political unease around cashless economy, war on cash may turn sour”
“The dangerous shift of a cashless economy”
“The end of cash and the cost of a cashless society”
“How India’s failed note ban move taught the rest of the world what not to do”
Must be called into action. Page 9
“Why we should fear a cashless world”
“We don’t take cash, is this the future of money”
“Cash free banks in a cashless society are no joke”
“Maybe going cashless is no the best bet. Here are some reasons why.”
“We are turning from cash but demand for notes has never been higher”
“The pros and the cons of moving to a cashless society”
“Is a cash free future really in your best interest”
“India’s dream of going cashless is just that… a dream”
3. 3
Means no more privacy and freedom
“Hang on to your cash. This dash to digitize payments is dangerous.”
“Banknotes and coins are a public utility, and companies make no profit from their use. Hence the
drive for cashlessness – and with it, greater surveillance”
Read more.
“Why we should fear cashless world”
“Poor people and small businesses rely on cash. A contactless system Poor people and small
businesses rely on cash. A contactless system will likely entrench poverty and pave the way for
terrifying levels of surveillance will likely entrench poverty and pave the way for terrifying levels of
surveillance.”
Read more.
“Cashless society, a huge threat to freedom”
“Econgularity, shorthand for economic singularity, is an ugly word I created to describe an
unfortunate approaching moment in time when our current technological snooping prowess, the
ease of big data manipulation and our sprint to a cashless economy will converge. This will happen
in such a way as to permit governments to exercise incredibly powerful control over all human
behavior.”
Read more.
“A cashless future? Sounds like a dream but don’t be fooled”
“The head of Apple, Tim Cook, says all payments could soon be via smartphone apps. But there’s a
sinister side to this vision, that would lead to us losing our freedom.”
Read more.
“Keep away from our money. A Cashless society is one where we lose
freedom”
“Is science fiction a good guide to the future? It’s easy to sneer at the doomed prophecies of a
thousand bad novels, but researchers at Project Hieroglyph at Arizona State University suggest
thinking of the question in a different way. Books and films may be hit and miss at predicting the
minutiae of society 100 years from now, but they can be a brilliant means of imagining how
innovations might actually be used by humans. Will we trust driverless cars not to crash? Will we fall
in love with our robots? Ask a writer, not a scientist.”
Read more.
4. 4
“A cashless society would cut crime, and empower big brother”
“The Bank of Korea is planning a cashless society by 2020. Swedes are making the shift. I’m intrigued,
but also troubled.
There’s a lot to like about the idea of a cashless society, starting with its effect on crime. The payoff
to mugging people or snatching their bags has already declined dramatically, simply because fewer
people are carrying cash.”
Read more.
“Going cashless the real danger is to liberty”
“As demonetization unravels into a spiraling disaster the government is looking for new narratives
to justify the policy. The latest justification that it will enable a quick transition to a cashless society
seems to be gathering steam but it too is baked in fallacy. It is disappointing that the opposition is so
intellectually depraved that Mr. Modi has gotten away with every canard he and his government
have thrown to justify the policy.
Read more.
“One year after demonetization, cash is still king”
“Cash scarcity led to spike in digital payments post demonetization, but the trend reversed as
remonetization picked up pace.”
Read more.
“Germany is still obsessed with cash”
“The national disdain for plastic has become a proxy for profound concerns about trust, privacy and
the role of the state.”
Read more.
“The empty promises of a cashless society”
“To proponents of a cash-free society, the survival of the $100 bill is at best an anachronism, at worst
a gift to organized crime…”
Read more.
“Certain swedes rebel against a cashless society”
“In Sweden, there's a name for it: Kontantupproret. That translates to "Cash Rebellion," the name
chosen by a group of Swedes who are speaking out against the country's determined move toward
cashlessness.”
Read more.
5. 5
Increases the risk of fraud and minimizes security.
“Why cybersecurity is crucial as economies take the cashless route.”
“IMAGINE the total death of the physical economy, a world where loose change and crumpled notes
become only as valuable as today’s vintage antiques”
Read more.
“Cyber threats at a new high as India goes cashless”
“As India shifts to a cashless economy, cyber threats are at a new high with the number of such
incidents occurring in banking systems increasing in the last five years, a study here said on
Tuesday..”
Read more.
“Why cashless society is a dangerous idea”
“Sir, – Conor Pope bemoans how Ireland lags behind Sweden in moving away from cash in favour of
electronic payments without considering whether this is truly the path we should be taking”
Read more.
“Fraud fear rise as cashless society nears”
“New findings from Osborne Clarke reveal concerns over data privacy and security are rising, despite
a reduction in the use of cash across UK”
Read more.
“Cashless eco, an invitation to online fraudsters”
“Mumbai: The international standards body for the payments industry has called for a cybersecurity
breach notification law to raise awareness of online criminals. According to the Payment Card
Industry (PCI) Security Standards Council, the move towards a cashless economy post-
demonetisation has also sent an invitation to online fraudsters of a new market opening up.
In information security circles, any unauthorised access to an individual’s data is called a breach.”
Read more.
“Cashless society would be dangerous for financial and national
security.”
“Cash is under attack in the United States, and elsewhere around the world. The very idea of physical
currency is being challenged by businesses and intellectuals alike. But they couldn't be more wrong.”
Read more.
6. 6
“Swedish opposition to cash free economy gains momentum”
On the front door of a bank only a block away from Stockholm’s Centralstation is a sign that reads
“Inga kontanter” with an English translation below: No cash available.
Read more.
Leads to exclusion…
“The rise of cashless city ‘there is a real danger of exclusion’.”
“Cities from Sweden to India are pushing for a totally cash-free society. But as more shops and
transport networks insist on electronic payments, where does this leave the smallest traders and
poorest inhabitants?”
Read more.
“Companies like Amazon and Starbucks want to kill cash -and it could
be a hug blow to the most vulnerable Americans”
“The US could be on its way to a cash-free economy. And, while going cashless has some distinct
upsides in the tech-obsessed world of retail, it could be a dangerous development for some of the
country's most vulnerable people.”
Read more.
“Does a cashless future mean exclusion for some?”
“Cashless payments and the plight of cash in society has been something of a subject over the past
few years, but a conversation many aren’t having is that of financial exclusion; something that has
happened in the past is likely set to happen again. Below Jack Ehlers, Director of Payments
Partnerships at PPRO Group, delves into the details.”
Read more.
“Digital ghetto, cashless society pose threat even beyond Orwell”
“One of the biggest threats facing the U.S. today is the “algorithm ghetto, the digital ghetto, the
electronic ghetto,” Chicago journalist and Jewish historian Edwin Black told a group of Flint residents
Friday while on a statewide tour as part of Holocaust Remembrance Day, April 12.
Read more.
7. 7
“Forgotten victims of the cashless society”
“Let’s call him Denny. My six-year-old daughter will tell you that he lives on Bourke Street. The Paris
End. Right near Pellegrini’s. He sits on the footpath in front of the bookshop and begs for change.”
Read more.
“In the rush toward a cashless society, the poorest are at risk of further
exclusion”
“Indian Prime Minister Narendra Modi has a grand ambition to make his country into a cashless
society. In 2014, he launched a scheme to provide bank accounts to the nearly 40 percent of the
population with little or no access to financial services. In November 2016, he withdrew 500 and
1,000 rupee notes ($7.80 and $15.60), the country’s two most common banknotes, from circulation.”
Read more.
… and banks hegemony.
“‘No cash only’, how negative rates give unexpected boost to Danish
banks”.
“In their ever-going race to profit from wealth creation, banks may be inches close to closing a last
gap in Denmark. Following the path of Sweden, Denmark has a stated goal of eradicating cash
payments. The shift has been seen as neutral, or even an improvement. But the only ones who will
benefit this, in the end, are banks.”
Read more.
“Why big banks look forward to a cashless society.”
“Banks are like any other business, but they have a particular position on the market. They permeate
every other kind of business, as an intermediate agent in almost every type of transaction, except
one: cash. Thus, banks are trying to close the loophole, through the slow deletion of cash from our
societies.”
Read more.
“Going cashless? Bad for tax, cheats, privacy, poor”
“Do we need cash? Humans have used all sorts of things to exchange items of economic value -- rare
metals, strings of shells and even sunken boulders. Those objects have gotten more ephemeral, with
paper money replacing most coins, and digital forms increasingly supplanting paper. Could physical
cash go away entirely?”
Read more.
8. 8
“A very expensive cashless economy”
“After the March 2011 earthquake and tsunami that struck the coasts of Japan, one of the most
important difficulties faced by the survivors was to buy their daily groceries. Most of them had left
with their credit cards and phones but those proved to be useless in a post-disaster society. A few
weeks after the tragedy, an old man was asked what he would have done differently to prepare from
the evacuation “I wished I had packed a decent pair of shoes, my toothbrush … and some cash” he
said. Here is why a cashless society can put us all in that same situation.”
Read more.
“Cashless bank services, a danger for financial elder abuse”
“Advocacy group for older people concerned about impact of closures on rural communities”
Read more.
“Political unease around cashless economy, war on cash may turn sour”
“As the public opinion carries on being uninterested in the slow depletion of cash in its everyday
transactions, various studies are shedding more and more light on the potentially catastrophic
consequences it could yield on our economies and democracies. Clearly, this topic deserves far more
attention than it is getting.”
Read more.
“The dangerous shift of a cashless economy.”
“A very important economic transformation is under way, and it seems voluntarily to be placed at a
stratospheric level, with stakeholders carefully keeping the subject away from public
opinion. Several types of players are even favorable to such an economy. But the implications are
many, and not all are good. A close scrutiny of the pros and cons brings useful insight on the stakes
for consumers, all the more reason for citizens of a free world.”
Read more.
“The end of cash and the cost of a cashless society”
“India has withdrawn 86% of its paper money in a bid to eradicate tax evasion, but a world that
follows suit may not be very democratic, writes John Hearne.”
Read more.
“How India’s failed note ban move taught the rest of the world what not
to do”
9. 9
“Almost a year on, India's ban on large-denomination bills has been deemed a "total failure." That's
not quite fair. True, the primary goal of flushing out tax cheats has been a flop. But a secondary goal
-- "to move toward the cashless society," as India's finance minister put it -- still has real promise. The
rest of the world, in fact, could learn a lot from this botched experiment.”
Read more.
Must be called into action.
“Why we should fear a cashless world”
“Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and
pave the way for terrifying levels of surveillance.”
Read more.
“We don’t take cash, is this the future of money”
“Bad for terrorists, good for hackers: what life is really like in a cashless society”
Read more.
“Cash free banks in a cashless society are no jokes”
“In Stockholm, you can pay a street hawker with a credit card; in Copenhagen you can buy a single
shot espresso with a smartphone; in Helsinki, you can go grocery shopping without a wallet… Yet
while this futuristic utopia and cashless society may benefit financial institutions and big businesses,
customers won’t be included in that.”
Read more.
“Maybe going cashless is not the best bet, here are some reasons why”
“Not so fast with banning cash — that’s one of the messages coming out of the payments and food
service world this month. Though variations of it have been heard for years, the newest iteration of
the cash-is-dying idea provides a chance to see just how deeply entrenched this traditional form of
money remains.”
Read more.
“We are turning from cash but demand has never been higher”
While Australians opt more and more for tap-and-go payments, the demand for cash has never been
higher. It is a situation that suits organised criminals looking to disguise the profits of international
drug crime as legitimate revenue.
Read more.
“The pros and the cons of moving to a cashless society”
10. 10
“A cashless society might sound like something out of science fiction, but we’re already on our way.
Several powerful forces are behind the move to a cash-free world, including governments and large
financial services companies. Even critics of the mainstream financial system and government-issued
currencies favor doing away with cash.”
Read more.
“Is a cash free future really in your best interest?”
“Scandinavia is set to be the first “cashless society”, and according to its Governments and financial
institutions, it could transition much faster than expected. However, people in Scandinavia are
increasingly motivated to hide stacks of cash at home, fearing particularly less access to cash and
negative interest rates.”
Read more.
“India’s dream of going cashless is just that…. A dream”
“That darned demonetization did rock the boat last November, but India’s love affair with cash is
well and truly back on track.”
Read more.