Cashless Developments

This section features media articles focusing on developments towards a cashless society, and other related topics, with the most recent article being at the top.

Why we should fear a cashless world (The Guardian)

Why we should fear a cashless world (The Guardian, 21 March, 2016) http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless?CMP=fb_gu The health food chain Tossed has just opened the UK’s first cashless cafe. It’s another step towards the death...
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Economic Collapse: This Growing Trend Should Terrify Every American (Profit Confidential)

Is it possible to be in a war, to be moving towards economic collapse, and not know it? Yes, it is. In the last few years, a clandestine war has been waged behind the scenes between the governments of the Western world and a tiny handful of consumer and libertarian groups. The...
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12 cent charge on ATM transactions to encourage cashless society (Belfast Telegraph)

The Irish are among the biggest users of cash and cheques in Europe and have shown a reluctance to move over to electronic payments. Efforts to switch habits have been hampered by the state itself being one of the biggest users of cheques until recently and many shops still not...
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9 Giant Banks Make a Deal on Blockchain: What It Means (The Huffington Post)

When Goldman Sachs talks, people all over the world listen. Today Goldman is talking about the blockchain. What the heck is the “blockchain”? Only the next biggest thing since the Internet, according to such tech visionaries such as noted venture capitalist Marc...
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Children as young as 12 to get tap-and-pay wristbands: Hi-tech Barclaycard bPay device enabling instant purchases goes on sale this week (Daily Mail)

Children will be able to use Barclaycard bPay to make instant purchases The new wristband technology works like contactless credit or debit cards Allows people to buy goods by placing device against card reader at the till By Louise Eccles Business Correspondent For The Daily...
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Teenager injects nXT microchip into his own hand (The Telegraph)

A 15-year-old boy has carried out a DIY operation to insert a microchip into his hand – which can control his mobile phone and even unlock doors. Bryon Wake used a hypodermic needle to implant the transponder, which is the size of a grain of rice and can be read by Android...
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Denmark’s new rules on cash mark the beginning of the end for physical money (MoneyWeek)

By: Merryn Somerset Webb Should you hoard cash? We wrote about this here and here last week. But there’s been a new development in Denmark. The Danish government is concerned that cash puts too many “administrative and financial burdens” on shops and that it acts as a drag on GDP...
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A society without cash is a society in trouble (The Telegraph)

A society without cash is a society in trouble The trouble with contactless payments is they make it all too easy to forget the true value of things, worries Bryony Gordon Like many people I know, I get to the end of most months and wonder where all the money has gone. I am quite...
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Office puts chips under staff’s skin (BBC)

Want to gain entry to your office, get on a bus, or perhaps buy a sandwich? We’re all getting used to swiping a card to do all these things. But at Epicenter, a new hi-tech office block in Sweden, they are trying a different approach – a chip under the skin. Felicio...
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