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*.