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Banks Have Full Control Over All of Your Money.
Every Transaction You Make is Recorded.
The Government Can Decide What/when You Can Buy.
Your Bank Accounts Could Be Frozen (For Your Protection).
In a cashless society you don’t have that option. The banking system would have a monopoly over the fees you are charged and without cash to balance out these fees, you would be forced to pay it.
In society today there are very few things you own (Music-CDs, movies-DVDs, Computer Software, Paper documents (legal, taxes), photos, etc...) cashless brings that to a whole new level.
Every Transaction You Make is Recorded.
The Government Can Decide What/when You Can Buy.
Your Bank Accounts Could Be Frozen (For Your Protection).
In a cashless society you don’t have that option. The banking system would have a monopoly over the fees you are charged and without cash to balance out these fees, you would be forced to pay it.
In society today there are very few things you own (Music-CDs, movies-DVDs, Computer Software, Paper documents (legal, taxes), photos, etc...) cashless brings that to a whole new level.