“Cashless Society Getting Closer”

April 27th, 2017

Via: Reuters:

More than a third of Europeans and Americans would be happy to go without cash and rely on electronic forms of payment if they could, and at least 20 percent already pretty much do so, a study showed on Wednesday.

The study, which was conducted in 13 European countries, the United States and Australia, also found that in many places where cash is most used, people are among the keenest to ditch it.

Overall, 34 percent of respondents in Europe and 38 percent in the United States said they would be willing to go cash-free, according to the survey conducted by Ipsos for the ING bank website eZonomics.

Twenty-one percent and 34 percent in Europe and the United States, respectively, said they already rarely use cash.

One Response to ““Cashless Society Getting Closer””

  1. rotger says:

    I imagine that if this happen, banks will apply 10% interest rate on your deposit. Nothing will stop them since you won’t be able to pull out your money.
    I am also willing to bet gold will be outlawed soon after.

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