I accidentally chose the wrong vote “maybe,” but I actually voted “no.” I think cash in hand is still beneficial for both business owners and ordinary citizens. Going cashless is great for control …Read MoreI accidentally chose the wrong vote “maybe,” but I actually voted “no.” I think cash in hand is still beneficial for both business owners and ordinary citizens. Going cashless is great for control and tracking money, but I’m skeptical about the risks of hacking. Also, I’m a big fan of buskers (street musicians), and I always give them cash…I’m a sucker for live music! If they started carrying card machines, I might have voted a definite yes. Another thing to consider is that a cashless society might reduce physical burglaries, but I worry cybercrime would rise instead.Read Less
I am not quite sure the answer to this question because I understand and agree with a cashless society, but I also do not. There are a lot of economic efficiencies of a cashless and cash society. For …Read MoreI am not quite sure the answer to this question because I understand and agree with a cashless society, but I also do not. There are a lot of economic efficiencies of a cashless and cash society. For a cashless society, digital transactions tend to be quicker and cheaper to process rather than carrying actual cash. Also, less physical cash in circulation could also reduce cash related crimes such as burglary, theft, tax evasion etc. On the other hand, having a cashless economy allows for more cyber attacks through bank accounts like hacking, outages, and system failures. Overall, I am not sure which would be better for the economy.Read Less
I dont think so. There is something about “cash” that just brings worth into currency, and I feel is much more stable than digital currency or even crypto. What if there’s an internet/power outage or …Read MoreI dont think so. There is something about “cash” that just brings worth into currency, and I feel is much more stable than digital currency or even crypto. What if there’s an internet/power outage or something and you lose access to your digital assets? Cash is definitely better than going cashless.Read Less
Maybe. It would be “a more efficient economy” in that cashless transactions would reduce some operational costs and would expand financial access to places without banks to handle cash. However, it …Read MoreMaybe. It would be “a more efficient economy” in that cashless transactions would reduce some operational costs and would expand financial access to places without banks to handle cash. However, it would create inefficiencies due to a lack of equal access to cashless payment systems, increased difficulty for small businesses and gig workers who rely on cash transactions, and concerns with privacy and increased overspending potential.Read Less
I do not know enough about this topic to have an educated opinion but I do not think it would be possible because of the lack of access to technologically in some countries.
Like others I’m not the most educated on the topic, but I worry about losing the value of the dollar and the technological issues that could occur, hence i voted no.
This is a really interesting question. While a cashless society has the potential to lead to a more efficient economy, there are also many challenges that come along with it. For example, a cashless …Read MoreThis is a really interesting question. While a cashless society has the potential to lead to a more efficient economy, there are also many challenges that come along with it. For example, a cashless society would be completely dependent on technology. This means that the society would be vulnerable to things like technical difficulties or cyberattacks. In addition, if all transactions are digital, there could be some concerns raised over privacy or possible misuse of data.Read Less
I accidentally chose the wrong vote “maybe,” but I actually voted “no.” I think cash in hand is still beneficial for both business owners and ordinary citizens. Going cashless is great for control …Read MoreI accidentally chose the wrong vote “maybe,” but I actually voted “no.” I think cash in hand is still beneficial for both business owners and ordinary citizens. Going cashless is great for control and tracking money, but I’m skeptical about the risks of hacking. Also, I’m a big fan of buskers (street musicians), and I always give them cash…I’m a sucker for live music! If they started carrying card machines, I might have voted a definite yes. Another thing to consider is that a cashless society might reduce physical burglaries, but I worry cybercrime would rise instead. Read Less
I am not quite sure the answer to this question because I understand and agree with a cashless society, but I also do not. There are a lot of economic efficiencies of a cashless and cash society. For …Read MoreI am not quite sure the answer to this question because I understand and agree with a cashless society, but I also do not. There are a lot of economic efficiencies of a cashless and cash society. For a cashless society, digital transactions tend to be quicker and cheaper to process rather than carrying actual cash. Also, less physical cash in circulation could also reduce cash related crimes such as burglary, theft, tax evasion etc. On the other hand, having a cashless economy allows for more cyber attacks through bank accounts like hacking, outages, and system failures. Overall, I am not sure which would be better for the economy. Read Less
I dont think so. There is something about “cash” that just brings worth into currency, and I feel is much more stable than digital currency or even crypto. What if there’s an internet/power outage or …Read MoreI dont think so. There is something about “cash” that just brings worth into currency, and I feel is much more stable than digital currency or even crypto. What if there’s an internet/power outage or something and you lose access to your digital assets? Cash is definitely better than going cashless. Read Less
Maybe. It would be “a more efficient economy” in that cashless transactions would reduce some operational costs and would expand financial access to places without banks to handle cash. However, it …Read MoreMaybe. It would be “a more efficient economy” in that cashless transactions would reduce some operational costs and would expand financial access to places without banks to handle cash. However, it would create inefficiencies due to a lack of equal access to cashless payment systems, increased difficulty for small businesses and gig workers who rely on cash transactions, and concerns with privacy and increased overspending potential. Read Less
I honestly do not know enough about this topic to have a good opinion, so I vote “maybe”.
I do not know enough about this topic to have an educated opinion but I do not think it would be possible because of the lack of access to technologically in some countries.
Like others I’m not the most educated on the topic, but I worry about losing the value of the dollar and the technological issues that could occur, hence i voted no.
No I don’t. I think that could backfire and spiral out of control real quick.
This is a really interesting question. While a cashless society has the potential to lead to a more efficient economy, there are also many challenges that come along with it. For example, a cashless …Read MoreThis is a really interesting question. While a cashless society has the potential to lead to a more efficient economy, there are also many challenges that come along with it. For example, a cashless society would be completely dependent on technology. This means that the society would be vulnerable to things like technical difficulties or cyberattacks. In addition, if all transactions are digital, there could be some concerns raised over privacy or possible misuse of data. Read Less