Swiss Economicblogs.org
Economic, social and human cost Beyond privacy, there is also widespread concern over the economic impact of a fully cashless system. For one thing, as citizens slowly become exclusively dependent on big banks and card companies the systemic risk to the wider economy spikes. But it goes further than that too. Without the option to keep some cash outside the banking system and retain some degree of financial flexibility, banks have the potential to essentially keep their clients hostage....
Read More »THE WAR ON CASH: A CLOSER LOOK AT ITS FAR-REACHING IMPLICATIONS – PART II
