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Cashless society

04/29/2018 / By David Williams

Sweden reveals why a “cashless” society may not be such a good idea after all

Is it possible for a society to function properly without the use of any cash? Sweden could have the answer to this question and more, as the country has had a good run of using digital payment systems so far, and many Swedish establishments have helped cashless payment methods almost become status quo. In a […]

07/15/2017 / By Frances Bloomfield

Visa will pay restaurants $10,000 each to stop accepting cash

Visa is offering 50 restaurants and food vendors $10,000 a pop, in addition to upgrading their payment technology. The catch: these businesses can no longer accept cash payments. Dubbed the “Visa Cashless Challenge”, this campaign is part of the credit card giant’s push towards a culture free of countable currency. The $500,000 incentive has been […]

05/21/2017 / By Vicki Batts

Chinas future cashless society quietly inching closer to complete control of every citizen

If you carry cash in China, you might be seen as “outdated.” From the smallest shops in Beijing to the seediest bars in Sanlitun, every vendor is moving away from cash and towards the future with apps like Tencent’s WeChat or Alibaba’s Alipay. Even if they still accept cash, paying with a wave of your […]

12/22/2016 / By JD Heyes

Indian government now confiscating private jewelry, gold during home raids

If you’re an Indian citizen, it is best not to try to hoard gold, jewelry and other valuables, as the government will swoop in and seize it. As noted by Mish Talk, global financial repression is beginning to accelerate, and it is being led by the Asian giant, India. The government recently declared large denomination […]

08/17/2016 / By JD Heyes

Americans will soon lose all anonymity as businesses ban cash and insist on electronic payment

Though American currency is supposed to be considered legal tender for all debts, public and private, fast approaching is the day when cash will no longer be considered king – and another large chunk of your liberty will be gone. That’s because the world is moving towards a cashless society, and the United States is […]

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