The Core

Why We Are Here => Economics & Investing => Topic started by: Mackin USA on April 27, 2017, 10:24:53 AM

Title: Cashless society getting closer, survey finds
Post by: Mackin USA on April 27, 2017, 10:24:53 AM
More than a third of Europeans and Americans would be happy to go without cash and rely on electronic forms of payment if they could, and at least 20 percent already pretty much do so, a study showed on Wednesday.

http://www.reuters.com/article/us-global-economy-cash-idUSKBN17S001

JUST SAY NO
Title: Re: Cashless society getting closer, survey finds
Post by: buckworks on April 27, 2017, 02:21:47 PM
http://www.marketwatch.com/story/even-young-hip-americans-dont-want-to-use-mobile-payment-apps-2017-04-24
Title: Re: Cashless society getting closer, survey finds
Post by: ergophobe on April 27, 2017, 05:27:24 PM
I could see going largely cashless, but would really bridle at losing the cash option.

Mike - your question about "how much cash do you have RIGHT NOW" keeps running through my mind. When the 1997 flood hit in Yosemite and a lot of people evactuated without getting back to their homes, many were caught with no cash and no accessible money for a while. It doesn't take the apocalypse. These systems are frighteninly fragile
Title: Re: Cashless society getting closer, survey finds
Post by: Mackin USA on April 27, 2017, 07:01:11 PM
The worlds finances are frighteninly fragile   :(
   
Title: Re: Cashless society getting closer, survey finds
Post by: ukgimp on April 29, 2017, 06:47:59 PM
BTC :-)
Title: Re: Cashless society getting closer, survey finds
Post by: ukgimp on May 02, 2017, 12:44:48 PM
It still find it odd that you lot (Americans) are happy to let your CC and debit card disappear across the restaurant in the hands of someone else.

But Apple pay for example needs my fingerprint plus quite a convoluted signup procedure, knowing lots of details.
Title: Re: Cashless society getting closer, survey finds
Post by: Drastic on May 02, 2017, 01:37:49 PM
>you lot (Americans) are happy to let your CC and debit card disappear

CC yes, any time. Just try and get something by me on one.

Debit? Hell no. We don't have the same protections.
Title: Re: Cashless society getting closer, survey finds
Post by: Mackin USA on May 02, 2017, 01:39:08 PM
YEP

I saw you take exception @ Fat Tony's but you let "Nice A" take your card  ;D
Title: Re: Cashless society getting closer, survey finds
Post by: rcjordan on May 02, 2017, 02:23:18 PM
>Debit? Hell no.

Agreed. BTW, I've ordered the "ATM Only" card and will destroy the debit card. Those are dangerous on several counts.  But the average American reference George Carlin here (http://www.goodreads.com/quotes/43852-think-of-how-stupid-the-average-person-is-and-realize) doesn't have a clue.

>waitress

Within the last year or two, I read somewhere that restaurants were still the biggest risk of cc theft.

Title: Re: Cashless society getting closer, survey finds
Post by: ukgimp on May 10, 2017, 12:46:28 PM
>> I saw you take exception @ Fat Tony's but you let "Nice A" take your card

Worth the risk :-)

Plus I had no choice