ATMs are quietly disappearing from shopping centres all over Australia.
Nifty new fintech innovation - Doconomy.
Swedish fintech company Doconomy has launched the world’s first credit card that monitors purchases by their carbon emissions
That's cashless and social credit score nicely bundled up in one.![]()
The Battle is over and the bad guys won,wheels in motion no more cash in hand jobs...cant have gov missing any tax...no more poor old ladies saving pennies for rainy days...just a shitstorm that's incoming upon the horizon with little to no viable shelter. Love using cash I withdraw as much as possible whenever I can...will our emergency funds of physical cash work and for how long. Decisions made for us as always, what bout our precious metals...becoming more precious or worth...less and do we trade them for digital? Will alternative trades be allowed? Or will be be forced to monitored, watched tracked and traced while we eat out of troughs In the town square with guns to our heads? Come and get ya gruel...Petitions aren’t worth a toffee and are absolutely pointless as no one takes any notice of them .
best way is for everyone to draw out cash each week and use it for every day essentials , just like the olden days .
Nothing short of sickening mate wholeheartedly agreeGotta feel sorry for the Banksters Inc. don't you, keeping cash in their branches is costing the SOB's a staggering $400 million a year.
The poor Sods!
Imagine how much more their billions of dollars in profits each year would be if we were cashless, not to mention their multi-million dollar CEO salaries.
Excuse me while I go out and vomit after reading this article.
Keeping cash costs every customer $40, Commonwealth Bank says - as it warns services like ATMs are becoming 'unsustainable'
The boss of Commonwealth Bank has told a government inquiry that continuing to make physical cash available to Australians costs the business $400million a year despite less and less customers using it.
Matt Comyn said this week that 'transporting and making cash available around our vast country involves the considerable expense of logistics and security.
His comments follow CommBank, NAB and ANZ making some of their branches cashless and Macquarie Bank announcing just days ago that its cash services would be phased out entirely by 2025.
Correct-as they don't have awareness and sadly have no idea how they can be controlled in the future....Except… the majority don’t use cash.
Its true they dont use cash, instead relying on cards and instant transfers swiping theyre cards,phone allowing digital wallets with direct access to their accounts...with convenience comes the ability to be hacked,scammed and robbed by white collar criminal cowards, give me a knife at my throat anyday for there is more respect found at such an interaction, then swindled by faceless, gutless scumbags. Were being robbed anyway of our cash through hidden tax of inflation and greedy corporations our pointless politicians instigating self serving policies and police who blindly enforce them. We pay the companies for shit service,degrading products at ever increasing prices, small businesses destroyed while monopolies remain meanwhile any sort of freedom is restricted and controlled alternatives crushed,demonised. Herded like livestock allowed only the mobility possible within thinly veiled bars of the cage. Find it exhausting trying to think of counteractions and places to still be free financially at least best we can. Control every aspect of society food and access to water utilities to survive once total financial control achieved, They have enough consolidation of power now to devalue what has had intrinsic value for thousands of years. Much rambling on later we are owned and the reality of that fact weighs on me exhausts,frustrates and sickens me its grim truthExcept… the majority don’t use cash. Their rhetoric is entirely correct. The figures have probably been fudged, but hey, who doesn’t cheat.
Rather than complain, what are the 1% to do?
...a goal to reach...I don't even have a mobile phone anymore
Michele Bullock - Governor of the Reserve Bank of Australia said:...
We also remain focused on access to cash for Australians. This issue has received some attention in the media recently and I would like to provide some context and discuss the work that is underway.
The use of cash for payments has been in decline for many years as consumers have switched to digital payments. The share of consumer payments made using cash declined from 70 per cent in 2007 to 13 per cent in 2022 (when our latest consumer payments survey was conducted). Despite this decline, cash remains an important means of payment for some people and is widely held for precautionary or store-of-wealth purposes. Cash is also an important backup method of payment during system outages or natural disasters, when electronic payments might be unavailable.
For these reasons, the RBA places a high priority on the community continuing to have reasonable access to cash withdrawal and deposit services. The Government also highlighted the importance of maintaining adequate access to cash services as a key priority in its Strategic Plan for the Payments System.
The challenge we face is that as the transactional use of cash declines, it is affecting the economics of providing cash services and putting pressure on the cash distribution system. ...