cashless

cashless

In a cashless economy, democracy loses ground

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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 society : the golden tip of the iron rod

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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?

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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

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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.