The Downside of a Cashless Society

The Downside of a Cashless Society

We have written in the past about the pitfalls of creating a so-called “cashless society,” among them the risk that it would disproportionately affect the elderly and disabled. Well here’s another: people will have no way to pay for goods and services when electronic systems go down.

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Pumping the Brakes on the Cashless Society

Pumping the Brakes on the Cashless Society

The rise of mobile and digital payments has led to some nations around the world becoming nearly cashless. The benefits to eliminating cash from an economy exist; these include getting rid of the time and cost spent handling and storing cash, as well as making it far harder for criminals to launder money.

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