banknotes
Banknotes, Big Brother’s last blind spot: interviewing Thomas Savare, Oberthur Fiduciaire CEO
Various trends in Europe, America and the India have made the likelihood of a cashless society greater. Banks find virtual money more profitable and governments dislike cash for its capacity to evade their radar: hard currency has many enemies. But, as Thomas Savare, CEO of Oberthur Fiduciaire points out, “cash is the last bulwark against the invasion of privacy”.
Denmark to become the first cashless economy: what about the people?
Denmark is on track to become the world’ first “cash-free nation”. The government is pushing restaurants, stores and gas stations to not accept cash payments. But for the Danes, this is not Denmark’s way. Denmark could very well be the guinea pig of the European Union which would like to see more and more cashless countries…but that experimentation could end up being a disaster for the Danes.
At Oberthur Fiduciaire, banknotes mean freedom
Oberthur Fiduciaire is a french-based leading banknote printing company. Today they are working with over 70 central banks across the globe to deliver the most secure banknotes, which will be used for the years to come. In an age where online and electronic payments seem poised to abolish the good old banknote, Oberthur Fiduciaire believes that cash isn’t only practical, it is also the symbol of liberty and freedom. Moreover, it is often more secure than other means of payment.
Cashless economy to fight crime and terrorism: how far are we willing to go?
The amount of transactions occurring through cash has been slowly falling over the past few years, as the result of new payment methods appearing in our lives. Banks and governments are seizing this opportunity to slowly squeeze cash out of the economic landscape, so as to increase its profitability (for the former) and its control (for both), claiming that cash benefits underground economies and terrorist networks. Beyond the questionable validity of these arguments, it seems no one in the public is realizing the disastrous consequences this would have for our societies*.
