Just like with Climate Change, we'll eventually be barraged with a preponderance of "experts" regaling us with "facts" about how this is all to our benefit, just as they do in this article.
http://ift.tt/1XpU82O
"......And yet the global attachment to cash may not be helping many countries’ economies. Because cash is expensive to store and transport, a switch to digital transactions would ultimately pay off for many countries, according to recent research from Harvard Business Review and experts from Tufts University.....
.....For consumers, those costs included ATM fees and the cost of traveling to an ATM or bank branch where they could withdraw cash and the possibility that people can lose cash.
For businesses, costs included storing cash and keeping it secure, and transporting it in armored vehicles to banks when necessary.
For banks, there are logistical costs, including restocking ATMs and storing and transporting money – especially in countries in the developing world with more security and infrastructure challenges, according to the report.
And for governments, there are costs including printing money and the “tax gap,” or the amount of money the government never collects because of unreported or under-reported cash transactions.
The report points out that the U.S. alone spends $200 billion annually to keep cash in circulation....."
Another article advocating the virtues of the world going cashless....
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