COVID-19 to usher in a cashless society

Discussion in 'Current Affairs' started by willrocks, Mar 20, 2020.

  1. willrocks

    willrocks Well-Known Member Silver Stacker

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    And here it comes.

    https://www.forbes.com/sites/jasonb...llar-and-digital-dollar-wallets/#7e6f7d1c4bea
     
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  2. STKR

    STKR Well-Known Member Silver Stacker

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    ^^^ So predictable ^^^ SAD
     
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  3. dragafem

    dragafem Well-Known Member Silver Stacker

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    I wonder this these days how it is going to happen? How are we going to go into cashless? What will happen with your cash? How is the whole transition from this beautiful currency to cashless going to work?
     
  4. Ag bullet

    Ag bullet Well-Known Member

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    they declare cash illegal, have an amnesty period where you can hand in cash and those that hand in lots of cash have their name scribbled in a little black book.
     
  5. STKR

    STKR Well-Known Member Silver Stacker

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    Can we just create a new gender identity that makes banning cash discriminatory? Whats our pronoun?
     
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  6. willrocks

    willrocks Well-Known Member Silver Stacker

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    https://smallcaps.com.au/coronavirus-could-speed-up-introduction-cashless-society/
     
  7. willrocks

    willrocks Well-Known Member Silver Stacker

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  8. willrocks

    willrocks Well-Known Member Silver Stacker

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    https://www.theaustralian.com.au/sc...s/news-story/fd4bb0b9a934ce0ca722993710a17c4f
     
  9. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    And when electricity goes down?
    Only a couple of years ago S.A couldnt even cover baseload in summer
     
  10. willrocks

    willrocks Well-Known Member Silver Stacker

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    I don't think the control freaks care about that.
     
  11. SilverBags

    SilverBags Active Member

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    Australia to be a cashless society by 2022. Cash is predicted to make up only 2% of all payments within the next five years. ... New research shows that the number of cash payments received by Australian merchants has plummeted by 46% between 2010 and 2016 alone and currently makes up less than 10% of all payments

    70% prefer card payments over cash. 76% of consumers have at least one credit card. Only 10% of consumers make all of their purchases with cash. But 88% of consumers use cash at least sometimes

    Plus the new cash ban of $10,000 or more will get you 2 years jail when finalised.

    The younger generations habits/uses are now quickly moving to remove our use of cash in a rapid modern evolving world.
     
  12. SilverBags

    SilverBags Active Member

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    'Australia Card'.
    The card was first raised at the national Tax Summit in 1985
    then a retired public servant, Ewart Smith, noticed a flaw in the drafting
    Specifically, the bill contained clauses that imposed penalties on businesses that failed to require a person to produce their Australia Card, or authorised the freezing of bank account and social security payments for those who did not produce one.
    Same thing that has been going on with our new 10k cash ban inquiry Peeps, though the cash ban will be legislated very soon this year.

    Australians will all end up being digitised with or without a Australia card by default as everyone is to busy with living and worrying about the cost of living and then throw in a pandemic...............
    # chip on Qld Licences
    #NSW digital drivers licence scheme
     
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