Swedes turn against cashlessness

Post by robotmay » Tue, Apr 03, 2018, 4:43 PM UTC

randomsearch wrote: post #82

ciocan42 wrote: post #20

From what I've seen here in London (UK), mostly tourists use cash. Everybody else uses contactless payments. You can pay with contactless cards or apple/android pay on the public transport or on your corner grocery store. And with the new fin-tech banks like Monzo, Starling or Revolut the banking apps are light years ahead of traditional banks.

Anyone in the UK who is not already using Monzo should definitely check it out.

Post by sveme » Tue, Apr 03, 2018, 4:44 PM UTC

carlmr wrote: post #37

sveme wrote: post #14

Earlier quoted context omitted.

> In Germany almost every cafe, restaurant, or bar requires you pay with cash. We must be living in very different Germanys.

I'm living in optimusrex Germany, too. You might be alone in cashless Germany.

Post by dragonwriter » Tue, Apr 03, 2018, 4:46 PM UTC

optimusrex wrote: post #6

dmos62 wrote: post #3

Earlier quoted context omitted.

> The Riksbank governor, Stefan Ingves, called for new legislation to secure public control over the payments system, arguing that being able to make and receive payments is a “collective good” like defence, the courts, or public statistics. > “Most citizens would feel uncomfortable to surrender these social functions to private companies,” he said. > “It should be obvious that Sweden’s preparedness would be weakened…

The first two points involve the way the citizens "feel" and not is actually most productive. As for the preparedness of a nation to handle a cashless economy during a time of war, wouldn't a electronic ledger be must safer and reliable than if the government say just started printing more money leading to inflation problems. This has happens numerous times throughout times of history during war and could be avoided…

Post by kzrdude » Tue, Apr 03, 2018, 4:48 PM UTC

mkesper wrote: post #81

ams6110 wrote: post #75

Earlier quoted context omitted.

There's not a debtor/creditor relationship in a private retail transaction, at least in the USA. It is an exchange of value, not an extension of credit. A retail store is perfectly permitted to have a "no cash accepted" policy. Even the public transit here generally has a "no cash" policy for fares.

Not in Germany, for example. We still have laws that cash has to be accepted for (almost) any trade.

Post by stale2002 » Tue, Apr 03, 2018, 4:48 PM UTC

aianus wrote: post #61

vertex-four wrote: post #39

Earlier quoted context omitted.

On the other hand, back to talking about real people, the less you feel like you have a sufficient buffer to last until your next paycheck, the more stressed you are. If we psychologically manipulate people into spending more than they’re naturally comfortable with, we’re creating a society that’s worse off for the people in it.

> If we psychologically manipulate people into spending more than they’re naturally comfortable with, we’re creating a society that’s worse off for the people in it. If the average person didn't spend too much money on things they don't need, we'd have very high unemployment. The people with jobs might feel better and less stressed but a huge number of people would be extremely stressed and despondent.