Elimination of Cash

United States
April 21, 2013 3:41pm CST
I have heared that cash is going to be eliminated . Banks try to use solely computers and cards instead of the cold hard cash we still use now. - One would start with stores which only accept credit cards. The consumer would have not much choice but to accept.- Banks would have no fear anymore to get into insolvency by people wanting to get their cash. And the government had full control over us because a click of a bouton would destroy the existence of unwanted people.- I think that we all should use our heads more and think for ourselves before excepting what other people tell us. What do you think about that?
11 responses
@cgalavia (1406)
• Philippines
28 Apr 13
I don't think it possible to work only with cards and bank accounts because we all know that lots of people does not have any banks accounts.As for me don't want to eliminate Cash. At least there is another options,not only cash but cards as well.
@bestboy19 (5482)
• United States
22 Apr 13
The problem with credit cards is that the limit on them is usually more than we have in our bank accounts, so we often spend more on our wants than we can really afford instead of living within our means, so we must borrow more in order to mean our needs. Living solely on credit will put most of us in debt we won't be able to get out of. Look at what living on credit has done to our federal government. How does the creditor get his money if everyone is in debt? And why should those who have not been financially foolish be responsible for those who have? Eliminating cash and going strictly to credit would be a bad idea. There is too much relying on others to be fiscally sound and no assurance they'll come through.
@sbatz72 (17)
• United States
22 Apr 13
Many people in the United States like Bill Gates are pushing for something like this. I do not think that governments can totally erase the existence of anyone. I must say I do all my banking online. I do not have a physical bank that I go to and deposit money. I think if you are afraid of getting erased that this might be common among some people. I stopped carrying a lot of cash years ago. I do not like to 'lose' the cash. People would go through my purse when I was not looking. They would then steal only part of my cash wad. It would make me mad though. No one can steal it now. If they do, it gets replaced.
@Porcospino (16428)
• Denmark
21 Apr 13
They have talked about eliminating cash in my country, but as far as I know the suggestion was rejected. I use both cash and credit cards, and it wouldn't be a big problem if I had to use credit cards all the time instead of a combination of cash and credit cards, but it would be a problem for the people who don't use credit cards like some of people with mental disabilities. The situation has already become more difficult for those people because the number of banks where where you can withdraw cash at the counter has been reduced and sometimes they have to drive from their home to another area if they want to withdraw cash at the counter. If cash is eliminated completely the situation would be even more difficult for them, and that is one of things that I don't like about the idea of a cashless society.
@mariaperalta (19096)
• Mexico
21 Apr 13
I dont think it would work here in mexico. As we have to many mom and pop stores here. That dont use scanner or even cash registers here. Might work in the usa Id think.
@stk40m (1119)
• Koeln, Germany
21 Apr 13
I think this would result in more disadvantages to them than to us.
@aabuda (1729)
• Philippines
21 Apr 13
Ows? I think if ever it will happened, it is just practically applicable to developed countries like the USA, Japan or China and not with the third world countries wherein we depend our day to day activities with cold cash. People who have less in life doesn't even have bank accounts, so how much more that they will have Credit cards?
@dagami (1163)
• Rome, Italy
21 Apr 13
i don't think this is possible. not everyone has bank accounts and they deal in cash. online transactions are always backed by cash.
• United States
21 Apr 13
I don't think they are going to eliminate cash, although they should. They are thinking of doing away with the penny, but that's about it.
@mensab (4208)
• Philippines
21 Apr 13
slowly cash is not being used in many transactions. but i do not see the disappearance of cash in the system. the numbers and figures in the computers and online have to backed up by hard cash. without the cash somewhere, there will be no transaction. no one can just make transaction online without money online or cards. the cashless transactions only make the transactions easy and fast, but cash follows the flow.
@blackrusty (3532)
• Mexico
21 Apr 13
this has been talked about for a few years now in the USA while they are working toward this it will be a great many years before this would even happen and may not happen in my life time