Random thoughts & observations

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The cashless society and its consequences

Posted: October 24, 2012
Written by: Saints At Play
Category: Economic Trends

The cashless society is an idea that’s been floated around for the past few decades but in recent years has started to gain momentum in the mainstream media. News articles abound with information explaining how electronic transactions will remove the headache of lost or stolen debit/credit cards, solve the problem of not having enough cash or spare change in your pocket to pay for products/services with and eliminate waiting times with current payment methods by offering the ability, for example, to pay via a swipe of a payment screen on a smart phone.

Sounds great doesn’t it?

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