Economic downturn sees America turn away from 'cashless society'
- 12 years ago
http://www.nma.tv
With the rise of the credit card and electronic transactions, many thought it would spell the end of cash. But does electronic commerce really makes our life better?
Cash-free transactions make life more convenient, but at a cost. There's fees. There's the risk of personal information leaks. Companies know what you buy. And the tax man can track your every move.
Still, it seems like it's only a matter of time before cash — and even credit cards, with smartphones increasingly being used for consumer spending — go the way of the dodo. Do you think this is a good thing?
With the rise of the credit card and electronic transactions, many thought it would spell the end of cash. But does electronic commerce really makes our life better?
Cash-free transactions make life more convenient, but at a cost. There's fees. There's the risk of personal information leaks. Companies know what you buy. And the tax man can track your every move.
Still, it seems like it's only a matter of time before cash — and even credit cards, with smartphones increasingly being used for consumer spending — go the way of the dodo. Do you think this is a good thing?