Theyve already taken guns and freedoms in most places, next is the money when the people are powerless.
It's odd how many people actually enjoy paying with their phones. It's considered "fun" and "modern". Generations are growing up not knowing what it feels like to "hold it and own it". They're like fish in a fish tank.
Interesting, Singapore dollars, not Swiss Franc. Libra might be launching something big in Singapore. They are building a huge 2 million square feet building here. https://www.google.com.sg/amp/s/techcrunch.com/2019/10/11/libra-denominated-in-dollars/amp/ What if Libra wasn’t backed by a basket of international currencies, but only the dollar? Regulatory pushback to the Facebook-led cryptocurrency Libra has caused major partners including Visa, MasterCard, PayPal, and eBay to pull out of the Libra Association. But one of the remaining members has floated a major change to the stablecoin that could calm concerns that Libra could hurt the world economy by challenging national currencies for supremacy. Originally, Libra was slated to be denominated in…Libra using the unicode symbol ≋. It would be a stablecoin backed 1:1 with a basket of the world’s top currencies that Reuters says Der Spiegel reportsFacebook told a German legislator would be made up of 50% US dollar, 18% Euro, 14% Japanese Yen, 11% British pound, and 7% Singaporean dollar.
in China, they have WeChat pay and Ali Pay, there are certainly few hundred millions users there in Singapore...there are pay station specifically made available for tourists from the mainland in the last few years
That’s why I think Whatsapp Pay will take off instantly in Singapore. But Singapore is too small a market, only 4 million users. Whatsapp Pay is on trial in India with 1 million users. Interesting to see that fb messenger is more popular in Australia and the US. In Singapore, Whatsapp market penetration is now virtually 100%. Even illiterate people are using it to send voices messages.
Well they have Passed the bill without listening to the people, sadly this is becoming the norm, lets face it Australian are lazy, and dont give a care about our privacy and both parties dont work for the people.
Again the impact 9f this on 99.999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999998% of the population will be nill
Until there is a $1000 limit and your favorite Bank charge you a -% rate + a fee to protect there profit and there internet crashes so no one can get out money (Commonwealth last week) Do I need to go on?
again them changing just the limit wont effect 9.999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999998% of the population still the limit could be $1 and still NOT affect 9.999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999999998% of the population
When every town in Australia has high speed, reliable internet powered with a stale power grid we'd have a chance at going cashless here. As it stands, we still have towns without internet and some of those more remote towns run on generators that are shut down at night. We have constant technical issues with floods, fires, storms and other complications caused by our ageing infrastructure. Australia will need cash as an option for a long time yet. It's easy to forget that when you live in the comfort of the big smoke.
