The Future of Economy: A Cashless Society

After living in Korea, a very highly advanced country, I can say that living in a cashless society makes transactions a lot easier and faster, and depending on the policies and systems in place, a lot safer and more secure. It frees up a lot of space in your pockets and in your wallets. In fact, you don't even need to bring your wallet. All you need to bring is a debit card, or if your bank has a mobile app, then you just need your phone and a good internet connection. Thankfully, if you can find WiFi anywhere, then you're all set.

So, what are the steps toward becoming a cashless society? Australia is currently underway toward becoming one, and even though they are not completely there yet, it only takes a few years to prepare and be fully cashless. But as it stands, there are already players who are invested and are well on their way to taking advantage when the time comes that Australia becomes a cashless society. I'm not sure about America, but from what I can surmise, it might still be a long way before the US can become a cashless society. It's not really a priority at the moment. However, the benefits of transitioning into a cashless economy, I would say, greatly outweigh the costs it would take to fully implement. What are your thoughts on the matter?

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How would I pay for my cocaine? How would evade taxes with the little cash negociations with my plumber and gardener? How would I bribe my local politicians?Care bears are taking over the world.
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The Ukraine war gives another example. Russia cut off its oil supply to Europe, so there was risk of widespread power outages. The Swedish government advised people to keep cash on hand, in small denominations, should that happen.
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I duno i can see pros and cons both ways. I work retail, and our jobs would definitely be easier without cash or coins. That being said, its kinda nice when you do something for someone, and they can easily just reach in the pocket and give you a 5 or a 20. Yes, I know you can do the same digitally, but its not as fast or reliable. Sometimes your phone isnt getting a good signal. Sometimes you don't have phone battery. Sometimes the other person doesnt have the same account to transfer digitally too. But with cash, all that is eliminated. Anyone who says theres no pros to a cash society is just lying.
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Here in Sweden things are pretty cashless. Several stores - and most banks! - are cash-free. The busses haven't taken cash for about 15 years, instead taking a bus system card or debit card, or a QR code generated by their app.
Debit cards (with a much lower network transaction fee than a credit card) or NFC/phone payments are commonplace, as well as a system called "Swish", developed by local banks, for account-to-account transfers. Even at a flea market or farmer's market, most people use Swish instead of cash. It's free for person-to-person payments, and 1-3 Swedish crowns (about 10-30 cents) for organizations.
That said, I like cash and still use it, though mostly only at the grocery store.
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Well, in my area the key to becoming a cashless society is to eliminate/reduce all the network transaction fees for using any type of card. I'm seeing a lot more reduced prices/coupons etc. for those who pay cash.
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