cash
Why we should not hope for a cashless society
Would a 100% cashless society constitute a leap forward in human evolution? Probably not, despite what influencers try to suggest nowadays. Yes, cash usage decreases. But making cash disappear could be catastrophic.
Cashless economy in Europe: whom does it benefit?
What was deemed a crazy idea just a decade ago has now drifted its way into mainstream politics. More and more ink is being given to the idea of making our economies cashless. In the eyes of promoters, it would make our societies more modern, safer, and fairer to ordinary people. But when theories are being promoted, the arguments they contain are often carefully selected, in order not to reveal who is really pushing for it. So, in the end, who really wants cash to disappear?
Cashless society : the golden tip of the iron rod
In the past decade, several countries have been tempted by suppressing hard currency from their economies, or have even gone through with it to some extent. Among the advocates for the killing off of cash, some quote the increased economic performance, some the decrease in criminal activity, and some the better financial security. All arguments which are audible, but overlook the high price to pay for such a society. A cashless society won’t solve these problems, it will simply move them – and make them worse in some cases.
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.
