Could cash go out of fashion?
As money and payments change with technology, retailers may replace cash with mobile phones. SOURCE & VIDEO...
Prophesied cashless society: It's almost here
This is a step that governments and banks have been trying to take for almost two decades without success.
There are good and logical reasons for the elimination of cash. It will essentially wipe out the cash dependent drug trade. It will remove the incentive behind most petty crimes. Paper money is dirty, spreads diseases and it is expensive to print and expensive to handle.
Electronic money addresses all of these issues in a single stroke. The difficulty rests in overcoming public resistance to the idea. But desperate times call for desperate measures, as the saying goes, and when the times get desperate enough, public resistance will evaporate like summer rain. SOURCE...
Have you ever tried to conduct a business transaction when "the computers are down?" Electronic money disappears with the power grid ... or viruses ... or hacking theft, and you have no back-up resource.
Your personal ability to control your money from your own pocket or purse will be given up to Cyber Space Aliens. Your money will be in their hands - whoever they may be. And we all know what can happen when other people have access to your money.
See also: FINAL WARNING! Read It and Weep.
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