Mobile Payments And Traditional Methods Reshape Kenyan Microfinance
Whole Planet Foundation pledges “$500,00” in support of the M-Nawiri digitized loan product.
cashless economy
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.
In a cashless economy, democracy loses ground
The world is approaching the moment when humanity will finally and irrevocably enter the era of a cashless society. Most of Europe has already set foot on this path. India is about to switch to non-cash settlements and increasingly more people in the US are getting used to the new non-cash reality. Soon, our digital world will offer no other options.
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?
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.
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*.
