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March 23, 2016 12:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/iwCBg9O4-1U/why-we-should-fear-a-cashless-world
Why We Should Fear A Cashless World
An anonymous reader writes: Dominic Frisby writes with a very interesting, albeit heavily opinionated, article from The Guardian discussing why we should all fear a cashless world. He argues "it will hand yet more power to the financial sector in that banks and related fintech companies will oversee all transactions." Every payment you will make will be traceable. While inequality is already a problem, it may be exacerbated even further in a cashless society. Frisby writes, "Cash, on the other hand, empowers its users. It enables them to buy and sell, and store their wealth, without being dependent on anyone else. They can stay outside the financial system, if so desired."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/iwCBg9O4-1U/why-we-should-fear-a-cashless-world
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