It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Visa looking to help small businesses go cashless

page: 2
8
<< 1   >>

log in

join
share:

posted on Jul, 13 2017 @ 07:31 AM
link   

originally posted by: TruthxIsxInxThexMist
a reply to: ElectricUniverse

I can see this causing problems really. I'd say robbery would be on the up for one. if people can't eat because they don't have 'cash' anymore, they'll be hunting down those who use cards and those they see with grocery bags!

Drug dealers & Prostitutes won't be able to do cash deals either, so they'll be wanting some other type of payment and they won't be able to do that by card.


I know of or heard of a few people who made their buddies "arts and crafts" and "craft supply bags" and used that app SQUARE to charge.

NOT THE SMARTEST if you ask me, but they did it.

-Alee




posted on Jul, 13 2017 @ 08:06 AM
link   

originally posted by: TruthxIsxInxThexMist
a reply to: ElectricUniverse


Drug dealers & Prostitutes won't be able to do cash deals either, so they'll be wanting some other type of payment and they won't be able to do that by card.


That'll turn into barter and trade deals, email money transfers will be noticeable if constant. It can be done, but people will have to set up a legal business to hide the illegal one. Babysitting, dog walking, housecleaning, the tax man will be waiting for his share.
Then the Visa card reader could be set up on their iphone🤔



posted on Jul, 13 2017 @ 08:20 AM
link   
a reply to: AugustusMasonicus

United??

Really??

Tell me you don't fly United in coach...




posted on Jul, 13 2017 @ 08:23 AM
link   

originally posted by: Terminal1
United??

Really??


Yeah, I live 6 miles from EWR which is a fortress hub for United, they have 80% of the flights out so if I need to get somewhere I have to fly that carrier.


Tell me you don't fly United in coach...



I never ride in steerage.




edit on 13-7-2017 by AugustusMasonicus because: I ♥ cheese pizza.



posted on Jul, 13 2017 @ 08:26 AM
link   
a reply to: snowspirit

Agree...

Poor Tommy won't be getting paid for mowing the lawn until he has a card reader on his phone. Jane won't get paid running a lemonade store with a car wash on the side either.

Seems to me a cashless society would stifle innovation and entrepreneurial skills in development. Especially with VISA in your pocket leaving a paper trail of transactions for the taxman to come collect his due.



posted on Jul, 13 2017 @ 08:33 AM
link   

originally posted by: AugustusMasonicus

originally posted by: Terminal1



I never ride in steerage.





Good to hear though the world will miss out on phone video of you getting dragged off the plane because you were bumped and refused to get up from your seat...

Damnit...




posted on Jul, 13 2017 @ 08:47 AM
link   
a reply to: Terminal1

I am the one who bumps.



posted on Jul, 13 2017 @ 09:08 AM
link   
Problem I have with not carrying cash..



If you have no cash and the power is out for any reason (not just the worst case scenario in the video) you are stuck with zero purchasing power.

Consider that while on a road trip, or a vacation etc, you could be stuck somewhere completely dependent on the kindness of strangers.
edit on 13-7-2017 by Irishhaf because: I forget words all the time



posted on Jul, 13 2017 @ 06:37 PM
link   

originally posted by: paraphi
Well, in the UK with chip and PIN debit cards and contactless payment, I could live a life without cash. At least I can when I go to London. In the sticks where I live such tech has not reached my local pub, so still need cash.

At the end of the day cash is on it's way out.


Norway has an economy like this. All the bars/restaurants had the portable card readers. The bar staff just walked up to your table with the drinks and you entered the amount + gratuity, then paid the bill with your credit/debit card.

Supermarkets and shops took both cash and cards, especially since a weeks shopping can run into a four figure sum. But it was only the elderly who still used cash and had separate purses for each denomination of coins. So they would spend minutes fumbling through every purse to pay the small amounts.

These days, I take out about £100/week to pay taxi, train and make shop payments. While making a PPI claim once, I had to request all my credit card statements over 20 years. From those, I was able to trace my own movements across London and other train stations when going to interviews.



posted on Jul, 13 2017 @ 06:56 PM
link   
If cash is outlawed, people will simply move to something else that holds value.

Got tide?




posted on Jul, 13 2017 @ 07:01 PM
link   
It so nice of Visa to "help"..help themselves to all your data and purchase info, control of your funds..etc, then market your info.
That is the goal generally speaking.



posted on Jul, 13 2017 @ 09:15 PM
link   

originally posted by: TruthxIsxInxThexMist
a reply to: ElectricUniverse

I can see this causing problems really. I'd say robbery would be on the up for one. if people can't eat because they don't have 'cash' anymore, they'll be hunting down those who use cards and those they see with grocery bags!

Drug dealers & Prostitutes won't be able to do cash deals either, so they'll be wanting some other type of payment and they won't be able to do that by card.



Drug dealers & Prostitutes won't be able to do cash deals either, so they'll be wanting some other type of payment and they won't be able to do that by card.


Not just that, but how a bout yard sales? How about me an you being able to exchange goods or barter? I like how you think though!



posted on Jul, 14 2017 @ 01:29 AM
link   
a reply to: ClovenSky

Assets, it will be the only real thing.



posted on Jul, 14 2017 @ 01:45 AM
link   
a reply to: NerdGoddess

Blimey what the guys around here advertise on whatapp is insane.
A pal was telling me that on the dark net (Never checked it out so dunno the validity of this but) people who sell nasty substances do it all through the post with bitcoins as payment. No cash involved.



posted on Jul, 14 2017 @ 01:47 AM
link   
Also cash won't be worth anything anyhow If SHTF so does it matter now? you can still buy stuff without cash what will be worth stuff when SHTF.
Depending which type of cashless currency you use is more important I think seeing with bitcoin you can get stuff without anyone knowing but with visa they know exactly what you are buying.




top topics



 
8
<< 1   >>

log in

join