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the banks & ATMs are busy dissuading people from using cash...first to control your behaviors
later in a phase 2, the 'free' ATM will not dispense folding money at all but will deliver the product which will be a re-fillable charge card to condition the holder to 'buy' something every day with the card or the card will no longer be active after 36 hours of no debit transactions
originally posted by: slider1982
originally posted by: slapjacks
a reply to: seasonal
Where are you getting this "info" from other than the youtube video? IMO, it doesn't seem very logical to "ban cash"
Hi mate my 2pc..
I am from London UK and the "cash" system here is going at a alarming rate, you can no longer use cash for a bus fair and if you want to purchase a car from a dealer you may well be refused or they will only accept a tiny amount and the rest has to be a bank transfer, I witnessed this situation recently with someone and the dealer stated they had to comply with money laundering laws.
If you want to get anything over a menial amount of cash from your bank it is like a job interview, I wanted to get £10000 for a construction project and had to go into a room to discuss it with a "senior" member of staff..
It is a real thing and people here are giving up on cash at a alarming rate, personally anything I purchase outside of essential is cash but I am very much in the minority...
originally posted by: seasonal
a reply to: AndyMayhew
The story is about removing, if it were America the $100 and $50, and according to the story, they are not replacing them. Where did you get that info, I am interested to see if they are indeed going to restore the larger bills.
originally posted by: DerBeobachter
In Germany at least 50%, i guess more, pay with cash.
The others stand in the line in front of you, maybe in the supermarket, and need twice the time because they have to pay their 0,79 with a banksters card. I am for separated cash desks, some for people paying with real money, which are way faster. And some for that damned banksters cards.
People that pay with real money should be preferred everywhere at everytime!
Making people go to A.T.M's for their cash is a way of cutting down on staff costs. For the same reason that London Underground have abolished manned ticket booths, forcing people to use machines.
India banned particularly large denominations of notes, not notes in general.
There are 25 deaths associated with the India's decision to kill large bills. From suicides to hospitals not excepting cash anymore. A large number of Indian businesses will only except cards.
originally posted by: VinylTyrant
a reply to: Aazadan
Cash is king. You have no idea what your saying. Stores get hacked all the time and accounts get stolen. If you used cash you have no worries.
Plus nobody's stealing my cash, so.