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The Nomad Economist
Premiered Feb 21, 2022
Cashless payments are on the rise. They are fast, easy and convenient. Worldwide, cashless transactions have become the norm. All over the western world banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure.
Sweden Is On The Verge Of Going Completely Cashless.
India and China are following the trail.
Mobile payment and cashless stores are popping up across America, between stores like Amazon Go and payment options like Apple Pay.
Using these services requires access to the banking system, namely a bank account and a credit card. Your bank and credit card companies have quite a file on you. They know how often you go out to eat, how often you drink, how often you fill up your gas tank, along with the time and location of all these activities.
Cash is all but d**d, and with that comes a digital trail of all your purchases watched over by private companies who don’t exactly have the best security record. But we can’t say nobody warned us.
https://www.youtube.com/watch?v=CA8VbOH-Cf0
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