It doesn't mean mostly cashless and you can still use a wee bit of cash here and there.
Cashless means fully digital, fully traceable and fully controlled.
This means:
No more tuck-away money for those preparing to leave an abusive relationship.
No more purchases off market unless you want to risk bank transfer fraud.
No more garage sales.
No more cash donations to the homeless you pass.
No more cash slipped to the hands of a child from a grandparent.
No more money in birthday cards.
No more piggy banks or tooth fairy for your child.
No more selling bits and pieces from your home that you no longer want or need for a bit of cash in return.
Less choice of where you purchase based on affordability.
What cashless society does guarentee:
Banks have full control of every cent you own.
Every transaction you make is recorded.
All your movements and actions are traceable.
It doesn't mean mostly cashless and you can still use a wee bit of cash here and there.
Cashless means fully digital, fully traceable and fully controlled.
This means:
No more tuck-away money for those preparing to leave an abusive relationship.
No more purchases off market unless you want to risk bank transfer fraud.
No more garage sales.
No more cash donations to the homeless you pass.
No more cash slipped to the hands of a child from a grandparent.
No more money in birthday cards.
No more piggy banks or tooth fairy for your child.
No more selling bits and pieces from your home that you no longer want or need for a bit of cash in return.
Less choice of where you purchase based on affordability.
What cashless society does guarentee:
Banks have full control of every cent you own.
Every transaction you make is recorded.
All your movements and actions are traceable.