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Should we fear a cashless society?

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    Should we fear a cashless society?

    Small businesses and poor people, in general, relies heavily on cash. I firmly believe that a contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance. Imagine, the government or banks can tap into your accounts to track all your spending habits and patterns. It is so ripe for abuse, and there is nothing that stops people who have control of the system in the future from abusing it.

    Would that be bad for you as an individual?

    I guess there's nothing wrong or be afraid with a cashless society. Unless, there's involvement of source of income from illegal transactions. This is for security purposes to easily monitor any citizens who has suspicious account. Besides, there's nothing to be afraid if everything is of good faith. As a citizen we are always protected with law. Only few who are violators and abusive. Let's just hope and trust those in authority.


      You have made great points about the government taking advantage of a cashless society to keep track of us and abuse the system and i agree with you. However, i do not agree that a cashless society will entrench poverty further in the lives of those who are already struggling. The beautiful thing about humans is that we are adaptable. Anyone can join the cashless move, even the poor! All you need is a bank account set up and I believe even uneducated people can have that done for them.


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