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A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine

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Author Topic: A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine  (Read 730 times)
Psalm 51:17
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« on: March 31, 2012, 10:48:59 am »

A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine

Most people think of a cashless society as something that is way off in the distant future.  Unfortunately, that is simply not the case.  The truth is that a cashless society is much closer than most people would ever dare to imagine.  To a large degree, the transition to a cashless society is being done voluntarily.  Today, only 7 percent of all transactions in the United States are done with cash, and most of those transactions involve very small amounts of money.  Just think about it for a moment.  Where do you still use cash these days?  If you buy a burger or if you purchase something at a flea market you will still use cash, but for any mid-size or large transaction the vast majority of people out there will use another form of payment.  Our financial system is dramatically changing, and cash is rapidly becoming a thing of the past.  We live in a digital world, and national governments and big banks are both encouraging the move away from paper currency and coins.  But what would a cashless society mean for our future?  Are there any dangers to such a system?

FWIW, nowdays, even all the fast-food joints, movie theaters, etc, etc and other places where for years and years cash alone and only alone was accepted...now even these places accept credit cards and other "plastic".
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