cashless
Cashless Society ‘Problematic’: Study
Nearly half of people believe going cashless would be problematic for them, according to a new study. The shift towards digital alternatives to physical money accelerated during the pandemic, with some shops refusing notes and coins and people shopping online more frequently. But going completely cashless comes with a number of serious risks.
NTD UK News Full Broadcast (March 31)
The use of digital payments has experienced a huge acceleration since the pandemic, but many people believe going completely cashless would be problematic. Parliament backs a change in the law that would make it illegal for British citizens to take part in forced organ harvesting overseas. The head of Britain’s GCHQ intelligence agency says Russian President Vladimir Putin has […]
2 Chinese Banks to Stop Handling Cash
The digitalization of physical money in China forges ahead. Two Chinese banks announced in January, they’re going cashless. Starting in April, the Beijing Zhong-Guan-Cun bank will stop offering cash deposits, withdrawals, payments, and other cash-related services. This means customers will not be able to deposit or withdraw cash from the bank’s ATM machines or from […]
How Will China Use Its Digital Currency?
China is on its way to becoming the world’s first cashless society. And its Digital Currency/Electronic Payments system could be the first global digital currency.
The Chinese Communist Party already controls every aspect of the country’s financial system. So how could a digital currency give it any more control? I asked Daniel Wagner that question. He’s the CEO of Country Risk Solutions.