11–20 of 86 posts
Not necessarily a good thing. No cash means no privacy.
Agree. I never understand these dichotomies people set up. Why can't we just have both? The US system is a good balance, at least at the moment- you have an option to do either, with cards widely accepted except for a few ma and pa bars and restaurants.
As a Swede I am used to always being able to pay with my card; Heading to the bar? No need to withdraw cash. Grabbing a taxi home late at night? No need to worry if you have enough cash, they accept cards. To add to this is that electronic transfer of money to both businesses and private citizens is quick and easy. If you transfer within the same bank it is instant and takes up to a day, depending on the hour, to tra…
As a Swede, I always bring cash. Heading to the bar? Already have cash in the wallet. Grabbing a taxi home late at night? No need to worry that I don't have enough cash on me. Store temporarily only accept cash due to some error? Replace panic with nonexistent queue. Regardless of whether you always pay cash or always pay with a card and regardless of whether you value privacy or not - you should always, in my opnion…
That's a tough problem, which the US government will demand of foreign governments and fight tooth and nail at home.
As a Swede I am used to always being able to pay with my card; Heading to the bar? No need to withdraw cash. Grabbing a taxi home late at night? No need to worry if you have enough cash, they accept cards. To add to this is that electronic transfer of money to both businesses and private citizens is quick and easy. If you transfer within the same bank it is instant and takes up to a day, depending on the hour, to tra…
MM so your the annoying person who isn't organized enough to bring cash and causes long queues at the bar or coffee shop when I am buying my morning coffee and paper at the train station. The more you use your card the more chance of getting skimmed using cash for small purchases is a way of reducing your attack surface.
No really, the card readers are damn quick these days so it hardly takes much longer than paying with cash but I admit that it takes slightly longer. I would argue that most people pay their morning coffee with card in Sweden.
I have used my card all over the world, for small and large purchases, and have yet to get it skimmed - lucky I guess.
But another aspect of increased card use is that tax fraud becomes harder for the businesses as I believe the logging of card transactions are quite a lot harder to hide from the tax authority so I do see that as a positive thing.
Surely Swedes buy drugs and cheat on their taxes, just like the rest of us. Even if you don't - why wouldn't you want to ensure you can quietly conduct an illegal transaction, should a currently unforseen need arise in the future? Getting rid of cash seems awfully shortsighted.
As a Swede I am used to always being able to pay with my card; Heading to the bar? No need to withdraw cash. Grabbing a taxi home late at night? No need to worry if you have enough cash, they accept cards. To add to this is that electronic transfer of money to both businesses and private citizens is quick and easy. If you transfer within the same bank it is instant and takes up to a day, depending on the hour, to tra…
MM so your the annoying person who isn't organized enough to bring cash and causes long queues at the bar or coffee shop when I am buying my morning coffee and paper at the train station. The more you use your card the more chance of getting skimmed using cash for small purchases is a way of reducing your attack surface.
I don't get why people care about this. Credit card fraud is the bank's problem, not mine.
I wonder what that would do to the illegal drug industry.
Here is what I want: a way to do electronic transactions anonymously and cheaper that the current options. How do you do this while combating fraud?