Will Zimbabwe be Africa's first cashless society?
The cashless welfare card proposed by the mining magnate Andrew Forrest would only make life more difficult for Australia's poor and send the message that they cannot be trusted with cash, say community and Indigenous groups.
That total has more than doubled in a year.In this section Gael warning Europe's growth industry Low returns, happy returns Risk advoidance Sinkhole no more Marvel-lousy Insurance and the Holocaust The cashless society Familiar sins ReprintsAn index of hardship is provided by a cinema in Altai, Siberia, which allowed customers to pay two eggs for a ticket.
But in a few decades, the problem may disappear: in a cashless economy it is impossible to stash money under the bed.
Moving to a cashless economy is sensible, at least in purely economic terms.
For instance, although Germany's digital money readiness is high, the "cashless intensity" of its economy is relatively low.It is not just Germans who love cash and coins: in Australia there are 166 ATMs per 100,000 people, according to World Bank data.
Today they are ahead in the transition to both e-government and the cashless economy.
In an increasingly crowded and cashless financial system, banks may no longer be key players.
All this allows them to cultivate relationships with a greater number of borrowers than they could otherwise.Many other microfinance institutions also would like to go cashless, but they lack the necessary technology, says Mr Goldie-Scot.
Cashless, portable and paperless India's ambitious new national health-insurance scheme is already showing results four years after its launch.
Cash will always be king for these kind of activities.Tom KusMaywood, IllinoisSIR – With America gearing up to distribute new $1 coins, it pains me to say that the idea of a cashless society, or at least your timeline of it, is without currency.Mark WasylechkoNew York.
