Cashless society

[sptrawler]

I read somewhere, that Norway was heading toward a cashless system, after visiting there it looks as though they may be. IMO
It is one of the only places I have been, where it was cheaper to purchase something on the card, than with cash. There was two prices on an article the wife was looking at, 49euro for card 69euro for cash, so I looked at other items in various shops, the same thing.
It might have been specific to the areas I visited, but it was the first time I had seen it.

 

[Zaxon]

It might have been specific to the areas I visited, but it was the first time I had seen it.

I watched a documentary on it. It's right across the country. The reason given is that cash has a cost of handling: vans have to cart it, people/machines have to physically count it. So essentially they charge you for the bother. I can see that happening in other countries in the future.

 

[tech/a]

I can’t buy anything at the footy unless it’s paid by card!

 

[sptrawler]

I watched a documentary on it. It's right across the country. The reason given is that cash has a cost of handling: vans have to cart it, people/machines have to physically count it. So essentially they charge you for the bother. I can see that happening in other countries in the future.

That's interesting, it is the first time I have seen a cash transaction dearer, than an eftpos transaction.

 

[sptrawler]

I can’t buy anything at the footy unless it’s paid by card!

I don't go to the footy, but that is interesting.

 

[PZ99]

The believers will love this.

To them it's a one way trip to a chip in the hand on the highway to hell.

I on the other hand see the merits of simplicity

 

[Lantern]

Where I live it is only recently you could use a card for transactions and we still have a few establishments where, if you show them a card they look at you as if you are stupid. 15 years ago nothing could be bought with a card except maybe fuel.

 

[Bill M]

I opened a Industry Super Fund online and everything including ID and TFN was done electronically. The transfer of my previous fund was all done electronically too. Now I am drawing a pension from it and I have never ever submitted a piece of paper or cash money, nor did i need any documents signed by a JP. It was too easy and I like it this way, no problems at all, fast and easy to track everything.

 

[moXJO]

Dangerous thing not having cash. One good attack on the system and it all goes down.

 

[jbocker]

My wife must be very progressive in these things and we don't live in Norway, we are cardless and cashless.

 

[Zaxon]

My wife must be very progressive in these things and we don't live in Norway, we are cardless and cashless.

We're the same. It annoys me that I have to carry cash for, say, the local fish n chips shop, etc. But I can go months without ever using cash.

 

[wayneL]

Here is the danger in a cashless Society. It becomes very easy for either of the state and / or activist companies to the person you. There are already instances where card companies declined services to certain individuals because they disagree with their politics.

 

[trading_rookie]

That's why cypher-punks advocate cryptocurrencies - no government or corporate control..

Unfortunately, I can see a future where governments will finally adopt crypto - not the one's on offer atm, but their own central bank controlled similar to what Ripple offer (printing) not bitcoin/ethereum/litecoin,etc (mining) and then marvel at the fact that blockchain can help them eliminate cash jobs.

 

[sptrawler]

I opened a Industry Super Fund online and everything including ID and TFN was done electronically. The transfer of my previous fund was all done electronically too. Now I am drawing a pension from it and I have never ever submitted a piece of paper or cash money, nor did i need any documents signed by a JP. It was too easy and I like it this way, no problems at all, fast and easy to track everything.

Did Bill scare you into transferring?

 

[sptrawler]

Where I live it is only recently you could use a card for transactions and we still have a few establishments where, if you show them a card they look at you as if you are stupid. 15 years ago nothing could be bought with a card except maybe fuel.

When the NBN is finished, all premises in Australia will have access to the internet, there will be no excuse for a business not to have electronic payment available. Well that is my guess.

 

[Bill M]

Did Bill scare you into transferring?

Nah, did it a year ago. By the way on 60 Minutes last night they reckon Sweden is about to go cashless too. It is logical and inevitable. I still got $190 cash left from $200 in my wallet from 6 Months ago, don't use cash anymore much.

Remember back 30 years ago? Armoured Trucks carrying money everywhere, you'd see 2 or 3 day. Now you'd be lucky to see 2 or 3 a Month. 3 armed guards to a truck. Guards were getting murdered on the job, now it hardly ever happens, there are benefits.

 

[sptrawler]

I should have thought of it earlier, just google it, guess I'm showing my age.

https://www.businessinsider.com.au/norway-first-cashless-society-2018-4?r=US&IR=T

https://cashessentials.org/news/norway-strives-to-get-rid-of-cash/

Jeez Bill you were right about Sweden.

https://interestingengineering.com/sweden-how-to-live-in-the-worlds-first-cashless-society

 

[12Percent]

Can't come quick enough as far as I'm concerned.

Cash is not king, it is a burden, labour intensive and a liability.

I rarely use cash, I do keep a 20 in my wallet just for Bunnings sausage sandwiches.

 

[BlindSquirrel]

Oh Norway

 

[jbocker]

OK I am going to do the right thing and help get a cashless society HERE in AUSTRALIA.

Just send me all your cash and I WILL get rid of it. 100% guaranteed. I will accept any amount from anyone. No questions asked.
BUT WAIT there's MORE.
For those who send over a $100 000 Australian dollars and for this week ONLY. You will win a free car to the value of $45000. That's right Folks a FREE CAR, any car of your choice up to the value of $45 000.

I know you think this is UNBELIVEABLE but its true. I gave over a $50 000 and its GONE.

BE QUICK and join the Cashless society NOW.
Honest JB is here to help you.