Would a cashless society become a full reality?

Malaysia
March 16, 2007 3:03am CST
Everywhere we go today shows that the world is moving towards a cashless society. We pay by credit cards, online payment processors. When we pay bigger amount, normally it is again the use of credit card or cheques. Do you think that the world we are living in today will end up being a cashless society altogether? I mean, no money will be involved at all.
2 people like this
8 responses
@krayzee (1160)
• Romania
16 Mar 07
I really hope not because I don't like the idea of depending on credit cards alone, somehow I find them less tangible than money. Imagine there's a power shortage or some computer malfunctions, then what? No ATM, no bank operations ... Of course I don't mean one should keep all his money under the mattress, of course not. I use cards as much as the next guy/gal. But I really think one should have some emergency cash money for an ... well, an emergency. You never know what might happen.
3 people like this
• Malaysia
16 Mar 07
Personally, I do not wish for a cashless society, no matter how many crimes of money robberies may be present. I feel the greater impact of society being turned into a debt ridden enviroment will take place. Maybe, paying by cash each time would make the world and the economy a better place. Currencies would also be stronger. Paying by credits will always set us into the mindframe of compulsive buying.
2 people like this
@byfaithonly (10698)
• United States
16 Mar 07
I've thought the same thing - power outages happen in our area alot :( I also don't like the idea of being turned into a number and that is where we are headed with this, just one more way for others to track every single thing we do. It's no one's business but my own how many strawberry cheese cakes I buy in a month.
@tacoman25 (233)
• United States
16 Mar 07
Yes, I do think we are heading that direction, but I don't know how soon we will get there. As it is, there is so much invested in the various currencies all over the world, it is hard to imagine them shutting down altogether in the near future.
• United States
16 Mar 07
I pretty much do that now. I use my bank card out of the house. And pay my bills on line
@jeanpri (269)
• Malaysia
16 Mar 07
For me, I think you need to have partial of each. For example, credit terms up to 30 percent and 70 per cent of spendings by cash. It is not possible to totally do away with cash neither credit or cashless. I believe the two will always work side by side and hand in hand.
• Singapore
16 Mar 07
I just don't think it is possible. It is hard to merge all cashless options into 1 that can cater to all wealth classes. Unless it is made into law, there are just too many poor people still to take our society completely cashless.
@romel_ece (1290)
• Philippines
16 Mar 07
I don't think so that a cashless society will be our future.If everyone will just prohibit from debt and all those credit cards then we can avoid this situation in the future.
1 person likes this
@byfaithonly (10698)
• United States
16 Mar 07
I can't say forsure but the way it has been going it does seem very possible that someday we will have no money to handle. I don't think this is a good sign though, when everyone goes to using the same form of buying and selling I believe this is a sign of the end being near.
@Grandmaof2 (7578)
• Canada
16 Mar 07
It's already starting as far as I'm concerned. I was going to buy something around Christmas time. I had gone to the bank to get some money and when I went to pay using a fifty dollar bill the cashier wasn't allowed to take anything over a 20.00. Of course we know why, it's the idots that are making their own money. I think it's been made eazy to copy currency with the technology out there today with some of those printers. As a result we all pay the price of again doing something we really didn't want to do. I especially feel sorry for the people that are blind and for those who don't read and write. This will definately affect them the hardest, just one more thing to take away the only thing they have left, a little bit of indepenancy