Posted on 10/16/2017 12:42:39 AM PDT by SaveFerris
They say that cash is king, but newer and more convenient payment methods are gunning for the crown.
These days, more and more countries are adopting cashless payments, which includes credit card purchases, contactless payments, mobile banking apps and digital options like Apple Pay. To see which countries were adopting cashless the quickest, Forex, a global travel site, conducted a study comparing 20 of the world’s largest economies.
In the report, Canada was singled out as the country most embracing cashless technology, which could be attributed to its population changing attitudes that began several years ago. A recent survey in May found that 50% of Canadians are ready to get rid of banknotes and coins. While a 2013 MasterCard survey found 90% of the total value of consumer payments in Canada were made through noncash methods.
Cashless payments are becoming more and more popular every year.
While Canada took the top spot on this list, Sweden wasn’t far behind. Of all of the places moving towards becoming a totally cashless society, many believe that Sweden will do it first. In fact, some places in the country have already banned the use of cash, including trams, buses, many shops and most cafes. Even more surprising, 900 of Sweden’s 1,600 banks won’t even let customers deposit or withdraw cash.
The UK rounded out the top three, where the use of contactless payments is growing fast. In 2016, £9.27 billion ($12.29 USD) was spent using contactless methods between January 2016 and June 2016 alone. That was up from £7.75 billion ($10.27 USD) in 2015, during the same period.
After France, the United States ranked No. 5 on the list of countries adopting cashless payments. As we all know, the U.S. has a love affair with credit, and Forex says the average person owns
(Excerpt) Read more at yahoo.com ...
Cashless means control for them, we know what you have and we will take what we need from you if we determine you have to much and we will redistribute to others, any questions
They’re still legal tender, but I was wondering how you managed to find any 60 years after they stopped printing them.
Dude, are you sure? The $500 and $1000 bills were last printed in 1945, and were "officially discontinued" in '69.
My daddy worked in a tiny branch bank from the mid-50s onward and managed to tuck away just a few.
Either you are thinking of the homemade bills you were xeroxing at the time, or you are truly a saver! lol....
We keep several hundred dollars in cash at home just to tide us over for the time the electrical grid goes down and we still have to get stuff from stores.
“It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. - Revelation 13:16-17
https://www.moneyfactory.gov/uscurrency/denomsabove100.html
Also: "These notes are legal tender and may be found in circulation today;" (but any collector will pay above face for any such note)
They are still legal tender today - but once they reach a bank they’re gone.
Years ago I was in the Bahamas with $25 silver coins they had discontinued; I bought them here for a few bucks each based on silver price, and they accepted them down there (and their dollar trades 1:1 with ours). Those coins would never re-circulate once deposited.
Really; I find the concept terrifying. Every single transaction is recorded in your name - as well as your location at every purchase.
Here in NJ cash will never go away; there are so many illegals here, and so many gibsmedats working in the black market economy (drugs, whores, etc.). It isn’t trending in the favor of “cashless” either; the people who use electronic payments are abandoning the state.
Excellent point.
What are they going to do when the grid goes down , the government confiscates or someone hacks?
Stupidest sht ever.
Moving closer every day to this.
“The Puerto Rico experience says cash will make a comeback!”
Cashless is ‘just fine’ as long as the Internet and power is working.
Once they’re down, the ONLY PEOPLE able to purchase supplies are those with greenbacks, as PR once again proved.
(’just fine’ is subjective...lots of other issues with cashless, very few people care about them)
All who refuse to worship this beast and his idolic image by taking his convenient "mark" will be prohibited from buying or selling anything. They will be vigorously and mercelessly hunted down and killed by decapitation.
Don't be duped, although everything is rapidly moving towards the Satanic goal of "a cashless society", resist implementing into your personal life and turn to saving faith in The Lord and Savior, Jesus Christmas before it is too late.
And whatever you do, should you find yourself "left behind" and still on earth after God has raptured His saints, no matter how dire your circumstances or how "easy" and "convenient" they will make it seem, do not under any circumstances accept or receive "the mark of the beast" on either your forehead or back of your hand because God's Word is abundantly clear: anyone and everyone who does receive the mark of the beast will be eternally damned and ultimately cast by God into The Lake of Fire, where they will be tormented in unquenchable fire for all eternity.
This is a great idea because financial institutions never get hacked. Never. Ever. Can’t happen. Nope.
And the power never, ever, goes out.
We have three credit cards too but rarely use them and pay them off ASAP.
They are for the convenience of internet purchases and traveling.
I hate Yahoo for that reason and whenever you try to use it, it tries to take over your computer and make everything Yahoo.
The end goal of that is complete and total control over all money. The government would know at every instant how much money everyone has, and WILL take what it wants for its own aggrandizement and to give to those who vote the way it wants.
A cashless society is abject tyranny.
No thank-you!
The Swiss still have 1000 and 500 Swiss franc notes, worth about $1100 and $550 respectively. The EU still has a 500 euro note, but they were going to take it out of circulation soon.
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