Cashless society is possible but not in totality in the sense that in order to activate full cashless society the are so many sacrifice to be made eg full Internet service all over the world, 24/7 power supply and so much more.
Now the question is are the developed countries ready to help the less developed country to achieve this and the answer is yes, when is cashless society going to be achieve. I really going to take a long time not now.
Now the question is are the developed countries ready to help the less developed country to achieve this and the answer is yes, when is cashless society going to be achieve. I really going to take a long time not now.
It has already been posted here a thousand times.
Check Sweden.
Or better, go to localbitcoins and try to get a cash>bitcoin>cash deal there.
You will only find payments gateways and bank transfers.
A cashless society is there for years but some people really, really badly need to check the news (from 5 years ago.
Sure, Sweden is certainly a pioneer in the move towards a cashless society. When do you see countries like the USA following suit? Currently, I move back and forth between the Toronto area and Los Angeles. In both places, even as smart phones have becomes so ubiquitous (let alone credit cards), cash still seems incredibly established.
I'm always surprised, but I constantly still see people pulling out cash, particularly at restaurants and bars. When driving in rural areas in California, I've still seen cash discounts at gas stations as recently as last year. It just feels like we are so far away from this dystopian reality people invoke by saying, "Sweden."
It's not only Sweden, Norway and Israel are going full speed ahead.
And in terms of the US , that's one hell of a particular situation.
The best example would be your cc cards compared to those in Europe.Just like your internet connection compared to the Baltic states.
Although technology comes from the US and the most advance systems are built and pioneered there you lag so much behind others when implementing it it is really amazing.
That's why I bring up the situation in the USA. In many respects (particularly regarding infrastructure-related technology roll-out), the US indeed lags behind others. You bring up internet speeds: this makes sense considering the immense cost of rolling out fiber-optic infrastructure vs. the sheer size of the US. Population density is much lower here than in Europe, so such massive projects are much slower to roll out. Telephone and water piping infrastructure is also quickly deteriorating in the US....
