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Global IT outage shows dangers of cashless society, campaigners say (www.theguardian.com)
submitted 2 years ago by [M] to c/technology@lemmy.zip
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Cash provides essential fallback when digital payments break down, Payment Choice Alliance points out

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[–] 0 points 2 years ago (1 child)

So does writing down a card number or writing a check or even the dreaded IOU. Double also, if things break like they did on Friday, ways to get cash(ATM, tellers at a bank) will also be impacted as well as the things that you might spend cash on (gas pumps, cash registers etc).

I dont think that cashless needs to exist and having paper currency is useful in a lot of cases but in 2024 the idea that cash is the solution to much of anything is a little silly.

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  • [–] 2 points 2 years ago* (last edited 2 years ago)

    I don't know of any shop or street/market trader that will "write down a card number" or accept a written IOU from a random customer. In Europe cheques are practically extinct. When electronic systems or banks fail, cash is the obvious and generally the only working solution "in 2024".

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