A cashless society with NFC tap to pay or QR code-based mobile payments is much better. No need to carry around a heavy and bloated wallet full of physical coins, no need to touch dirty bank notes that have germs and even drugs on them [1]. As a child, my parents always made me wash my hands with soap whenever I touch money, since you never know where the note has been. It just seems so unsanitary to handle physical cash, especially in places like restaurants that deals with serving food to customers.
Canada 'sleepwalking' into cashless society, consumer advocates warn
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Re: Canada 'sleepwalking' into cashless society, consumer advocates warn
#12Just yesterday I went to a coffee shop that had a big sign saying they didn't accept cash. Seems to become more common as time passes.
Re: Canada 'sleepwalking' into cashless society, consumer advocates warn
#13Governments really need to break the Visa and Mastercard Duopoly. Not mentioned in this article, but certainly related, was the Canadian governments unprecedented step to freeze hundreds of bank accounts of protestors during COVID protests using their Emergencies Act. While I couldn't be more politically removed from the protestors, using a legislative power envisioned for war like conditions to personally ruin prote…
They just need to remove regulations. The reason there's a duopoly is that it's nearly impossible for a startup today to start a similar payment network.
Re: Canada 'sleepwalking' into cashless society, consumer advocates warn
#14Japan has tap payments for public transit and restaurants for decades, while simultaneously being very cash driven. Will be interesting to see how the cash meta evolves with different countries and cultures.
Re: Canada 'sleepwalking' into cashless society, consumer advocates warn
#15A cashless society with NFC tap to pay or QR code-based mobile payments is much better. No need to carry around a heavy and bloated wallet full of physical coins, no need to touch dirty bank notes that have germs and even drugs on them [1]. As a child, my parents always made me wash my hands with soap whenever I touch money, since you never know where the note has been. It just seems so unsanitary to handle physical…
Well, you know, win on the germ front, lose on the independence front.
Re: Canada 'sleepwalking' into cashless society, consumer advocates warn
#16I really hate paying by credit card (I don't like asking the bank for permission to spend my own money), but it's so convenient that I can't bring myself to carry cash any more.
I have a really nice small wallet that I can store a few notes in, but I need a compartment for That's literally the entire reason I pay by card nowadays, I just don't like carrying coins.
Re: Canada 'sleepwalking' into cashless society, consumer advocates warn
#17Governments really need to break the Visa and Mastercard Duopoly. Not mentioned in this article, but certainly related, was the Canadian governments unprecedented step to freeze hundreds of bank accounts of protestors during COVID protests using their Emergencies Act. While I couldn't be more politically removed from the protestors, using a legislative power envisioned for war like conditions to personally ruin prote…
They just need to remove regulations. The reason there's a duopoly is that it's nearly impossible for a startup today to start a similar payment network.
What regulations, specifically?
Re: Canada 'sleepwalking' into cashless society, consumer advocates warn
#1810% is way higher than I thought. Probably Cash is cumbersome and annoying. I wish there was a digital anonymous replacement.
XMR is probably your best bet for privacy digital currency.
That said XMR isn't stable like the USD is, but it also didn't have infinite printability as once market cap is reached then only tail emmisions are rewarded for mining....iirc that a set value of 20.
XMR is the best for privacy, is resistant to asic mining and GPU mining, and is a time proven crypto. That said if your just using it so you can gain money from price fluctuations and not because of the fiction the coin provides then your never going to realise it's true value.
Re: Canada 'sleepwalking' into cashless society, consumer advocates warn
#19Re: Canada 'sleepwalking' into cashless society, consumer advocates warn
#20The bad feeling I get from cashless is "what if some future political conflict will lower the status of my ethnicity to such a low position, so I'll be denied buying food and nobody will care?" or some similar scenario.