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Cashless society ( pros and cons)

Discussion in 'General Discussion' started by catlad, 5 Oct 2021.

  1. gas112

    gas112

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    pmsl at these people saying i dont have hassle of losing cards i use my phone .
    What people dont lose phones ? every week facebook community pages are full of has anyone found such and such a phone or whats the best way to dry my phone i have washed it /dropped it down the toilet
     
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  3. gas112

    gas112

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    Who said it was anyone else fault dense one ? and obviously not bothering to check but that doesnt stop them getting into debt
     
  4. denso13

    denso13

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    We are agreed then, getting into debt is their own stupid fault.
     
  5. gas112

    gas112

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    and can you show me were anyone said anything different ?
     
  6. Think of the social unrest, easily leading to rioting, that a bad actor could create if he shut down the payment system for long enough/widely enough. Imagine if nobody could buy anything, or travel anywhere.
     
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  7. Apple Pay has no limit, and allows you to send cash.

    There is, of course, a multiplicity of Android payment apps, and IHNI which, if any, have the same lack of safety net.
     
  8. Some people are way ahead of you.

    [​IMG]

    [​IMG]


    Presumably the guns are just out of shot...

    [​IMG]
     
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  9. cwhaley

    cwhaley

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    I totally understand why businesses in general are trying to move towards cashless (security, ease, hygiene, etc.) however I still maintain the view that cash is king. It might be a shorter term problem but in places where phone reception is poor (I visit a lot of country pubs on walks) you can be waiting a good while for the landlord or lady to swing the PDQ machine around to get some signal -- handing a few coins and/or notes over takes seconds.

    Second to that I absolutely love the fact that cash can be untraceable and anonymous. Sometimes, I don't want my bank knowing where I am and what I'm buying. It was used against me when I remortgaged once ("why did you spend x amount at x venue?") and I'm convinced the data is shared with brands. I stopped buying a particular brand of a product once (which was bought by card on the weekly shop) and I received an e-mail saying the company missed me -- the only way they knew I was buying their product was through an electronic transaction.

    There's also a lot of nostalgia attached to it.
     
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  11. Mottie

    Mottie

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    That’s their problem, not yours. ;)
     
  12. Mottie

    Mottie

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    1. You'll need my fingerprint to pay for anything with my phone. You don’t need anything other than the card to make a contactless payment of £100. Just watch the purchase of fags and booze go up with stolen contactless cards.
    2. Everything on my phone is on the cloud so I can wipe it and load my data back up onto another phone as long as I can pass security.

    A few years ago Mrs Mottie had her purse stolen in the supermarket car park with 5 cards in it. Foolishly she used the same PIN number on them (now corrected) and she was targeted from the checkout so they had clocked the pin. They took over £2.5k in 15 minutes. From next week, even if they didn’t know the PIN they could have made 5 x £100 contactless purchases at the very least. Couldn’t do that with a phone.
     
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  13. noseall

    noseall

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    And that analogy could just as easily work the other way - i.e. 'I only ever pay in cash so I regularly have large wads of cash in my pocket. If only there were some other way to carry out financial transactions without the need for large sums of money in my pocket...?'
     
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  14. ReganAndCarter

    ReganAndCarter

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    Write a cheque, Boyo. (y)
     
  15. noseall

    noseall

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    So you agree that any move away from cash is a sensible one.
     
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  16. catlad

    catlad

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    So No internet fraud or cyber crime, Lol
     
  17. catlad

    catlad

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    How exactly is it going to rise again when we are still just printing money to get out of the last two balls ups! Wishful thinking Harry
     
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