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<p>[QUOTE="chrisild, post: 1467993, member: 39"]The term "authorities" sounds somewhat misleading, I think. Yes, retailers, banks etc. would certainly like to reduce the use of cash - after all, handling cash is expensive. But for paying small amounts, cash certainly comes in handy ...</p><p><br /></p><p>For years one of my cards has come with a cash chip which I can "charge up" and then use at terminals that accept the chip. However, I have to keep track, sort of, of how much money I have left on that chip, and I have to physically insert it into the machine. Newer RFID/NFC based payment options, be it with plastic cards or cell phones, are "contactless" but they are not that widespread yet. Plus (or rather minus), they are often limited to one country only, even here in the euro area.</p><p><br /></p><p>In my opinion, cash sure has a future, but as a "niche product", not as a primary means of payment. Look at Sweden, for example, where cash is used for about 3 percent of payments (Euro area: 9 percent, USA: 7 percent). Of course further reducing the use of cash will mean more opportunities for governments to control our payments. But there are quite a few not only in SE who actively support and promote limiting its use; a while ago Björn Ulvaeus (Abba, Chess ...) suggested that we should not have paper money any more. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>
[QUOTE="chrisild, post: 1467993, member: 39"]The term "authorities" sounds somewhat misleading, I think. Yes, retailers, banks etc. would certainly like to reduce the use of cash - after all, handling cash is expensive. But for paying small amounts, cash certainly comes in handy ... For years one of my cards has come with a cash chip which I can "charge up" and then use at terminals that accept the chip. However, I have to keep track, sort of, of how much money I have left on that chip, and I have to physically insert it into the machine. Newer RFID/NFC based payment options, be it with plastic cards or cell phones, are "contactless" but they are not that widespread yet. Plus (or rather minus), they are often limited to one country only, even here in the euro area. In my opinion, cash sure has a future, but as a "niche product", not as a primary means of payment. Look at Sweden, for example, where cash is used for about 3 percent of payments (Euro area: 9 percent, USA: 7 percent). Of course further reducing the use of cash will mean more opportunities for governments to control our payments. But there are quite a few not only in SE who actively support and promote limiting its use; a while ago Björn Ulvaeus (Abba, Chess ...) suggested that we should not have paper money any more. :) Christian[/QUOTE]
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