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Australia's transition to a cashless society is underway — but not everyone wins when we get rid of cash (www.abc.net.au)
submitted 3 years ago by to c/australia@aussie.zone
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[–] 3 points 3 years ago (1 child)

Maybe. How many businesses are refusing cash? *Could* they refuse cash? The article does not cover this. I found this piece insightful: https://nitter.net/CBSMornings/status/1185527270125002752

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  • [–] [S] 6 points 3 years ago

    Nice share! While it is from a US perspective some of those issues certainly apply here, however, in Australia at least we have banks such as Macquarie which offer free savings and transaction (debit card) accounts so there isn't so much of a cost (apart from having an address I suppose) to opening an account. But the question is should we have to have a bank account?

    I don't think we should have to have bank accounts to interact with society. However, the economics professor in the video did make some good points about how cash fuels crime

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