News: 0178236690

  ARM Give a man a fire and he's warm for a day, but set fire to him and he's warm for the rest of his life (Terry Pratchett, Jingo)

In China, Coins and Banknotes Have All But Disappeared (lemonde.fr)

(Monday June 30, 2025 @05:20PM (msmash) from the all-things-digital dept.)


China's transition to digital payments has reached the point where physical cash has [1]nearly vanished from daily commerce , with WeChat and Alipay now handling transactions from supermarkets to public transportation across the world's second-largest economy. Many businesses no longer maintain traditional cash registers and instead scan QR codes presented by customers, while numerous taxis refuse cash payments entirely.

The widespread adoption has given tech giants Tencent and Alibaba immense power over routine financial transactions, prompting China's central bank to develop a competing digital yuan currency.



[1] https://www.lemonde.fr/en/economy/article/2025/06/28/in-china-coins-and-banknotes-have-all-but-disappeared_6742800_19.html



Global Phenomenon (Score:3)

by nealric ( 3647765 )

Even in the U.S. and Europe, we are seeing more and more establishments that don't take cash. Money as physical slips of paper or chunks of metal will probably be viewed as quaint in 50 years.

Re: (Score:2)

by Culture20 ( 968837 )

I still see cash and coin, but I haven't seen an actual silver coin in the wild for at least thirty years now.

Re: (Score:2)

by Chris Mattern ( 191822 )

Well, of course not. The silver content of an actually silver coin would be worth dozens of times the coin's face value. The U.S. Mint will sell you five real silver quarters, minted for 2025. It'll only cost you $95. They are legal tender for 25 cents each, but people aren't going to be handing those out in change.

Re: (Score:2)

by drnb ( 2434720 )

> I still see cash and coin, but I haven't seen an actual silver coin in the wild for at least thirty years now.

I blame our grandfathers who routinely scanned for silver and tossed them into a jar at home. :-)

Re: (Score:1)

by Anonymous Coward

> Even in the U.S. and Europe, we are seeing more and more establishments that don't take cash. Money as physical slips of paper or chunks of metal will probably be viewed as quaint in 50 years.

Depending on jurisdiction, establishments are sometimes being forced to accept cash, to not exclude the under banked.

Will all the panhandlers start accepted Venmo?

Re: (Score:2)

by smooth wombat ( 796938 )

Depending on jurisdiction, establishments are sometimes being forced to accept cash, to not exclude the under banked.

:

I still use cash from time to time, and I am not under banked. In fact, I used cash on Saturday to buy gas for my mower, and I always use cash to buy gas for my car. Never have to worry about my card being compromised. Or anyone knowing what I'm buying when I use cash.

Re: (Score:2)

by GoTeam ( 5042081 )

> Will all the panhandlers start accepted Venmo?

This might be tough on hookers

Re: (Score:2)

by nealric ( 3647765 )

You laugh, but I've seen buskers with signs with their Venmo. Probably not too long before we start seeing panhandlers taking Apple Pay.

Re: (Score:2)

by drnb ( 2434720 )

> You laugh, but I've seen buskers with signs with their Venmo. Probably not too long before we start seeing panhandlers taking Apple Pay.

So that's where old recycled iPhones go. No iOS updates but the Apple Pay app still works. :-)

Re: Global Phenomenon (Score:2)

by ArmoredDragon ( 3450605 )

It's bullshit to be forced to accept cash if you don't want to. There's a lot of expense and liability involved that most people don't even think about. Cash can be counterfeited and stolen, and mitigating that isn't free. What's next, being forced to accept checks?

I likewise know of some businesses who only accept cash. Explanations aren't owed either. If you don't like it, then buy from somewhere else.

If being "unbanked" is the problem, then it sounds like having electronic transactions that don't require

Re: (Score:2)

by backslashdot ( 95548 )

Yeah I am curious about that. What percent of retail and fast food customers are using cash, credit card, and phone pay?

Re: (Score:2)

by drnb ( 2434720 )

> Yeah I am curious about that. What percent of retail and fast food customers are using cash, credit card, and phone pay?

Two years ago my neighborhood gas station lost its internet connection. I dug the "emergency $20s" out of my wallet to prepay the pump. I would do the same at a favorite food truck or corner restaurant. Rather than go somewhere else. Did I mention I am old? Or does having a few emergency $20s in my wallet already indicate that? :-) FWIW it's the only cash in my wallet.

Re: (Score:2)

by sarren1901 ( 5415506 )

That's actually a really good idea. I tend to get cash for very specific purchases (gasoline, swap meet) but I never really thought to keep "backup cash" for an emergency in my wallet that only gets spent when the Internet is down. Thanks for posting that tidbit.

Re: (Score:2)

by Austerity Empowers ( 669817 )

So I guess for illicit transactions we don't want the government to watch, we resort to barter?

Re: (Score:2)

by MacMann ( 7518492 )

I can recall reading about how drug dealers would use laundry detergent than cash for payment.

I don't recall all the logic behind laundry detergent but it had something to do with keeping the police from confiscating what they got in payment for drugs. How much is a bottle of detergent worth? Anywhere from $5 to $25 depending on the size? Maybe $40 for the really big bottles? There's nothing illegal about having laundry detergent, and once they made their sales on drugs they can turn those bottles of de

Re: (Score:2)

by sarren1901 ( 5415506 )

Even better, you can likely return an unopened container to a local grocery store for cash. Depends on the place, but some are pretty liberal about taking returns.

Re: Global Phenomenon (Score:2)

by Z00L00K ( 682162 )

In Sweden you can pay almost everywhere with plastic or Swish. Cash is more or less only for beggars, but since nobody has cash anymore the beggars ate gone.

Unbanked teens (Score:2)

by tepples ( 727027 )

How do minors (children and teens not yet old enough for a bank account in their own name) pay for things in Sweden?

Re: (Score:2)

by Z00L00K ( 682162 )

Might have some cash for the youngest to buy a candy bar, but as soon as they get in the teens I think they are running Swish or even get their own debit card that the parents controls.

Sweden changed coins a few years ago, so many vending machines changed to card only.

Re: (Score:2)

by drnb ( 2434720 )

> How do minors (children and teens not yet old enough for a bank account in their own name) pay for things in Sweden?

Like in the USA? The parents buy a prepaid VISA debit card and put cash into the account as necessary.

Some US jurisdictions requires accepting cash ... (Score:2)

by drnb ( 2434720 )

> Even in the U.S. and Europe, we are seeing more and more establishments that don't take cash.

YMMV. In California I just got a notice from the city that if you have a brick and mortar with public access you have to accept cash. To be fair, this was motivated by people seeking outright necessities: food, drink, gas.

> Money as physical slips of paper or chunks of metal will probably be viewed as quaint in 50 years.

50 years??? Hell, I'm old and the $100 (5x $20) emergency cash in my wallet has been untouched for two years (gas station lost internet, gave them $40 to prepay the pump). Coins went into supermarket coin counter 10 years ago. Have to keep the pocket clean so the phone's screen doesn't get

great (Score:1)

by Anonymous Coward

Even harder to visit the country now. Keep in mind US credit cards mostly don't work there, you have to get UnionPay from the one bank (ICBC) that issues them in the USA before leaving.

Re: (Score:2, Troll)

by ArchieBunker ( 132337 )

China has century long plans in place right now. They're building infrastructure at a massive scale. Meanwhile in the USA the president is threatening to withhold federal funds because the "wrong" mayor won a primary. [1]https://www.cnbc.com/2025/06/2... [cnbc.com]

For anyone who thinks this is amusing. Let's imagine this.

Today President Biden has announced today that he is withholding federal funds from Florida because far right mayor won the party primary.

There would be an impeachment vote that same day and he would be

[1] https://www.cnbc.com/2025/06/29/trump-federal-funding-zohran-mamdani.html

Re: (Score:2)

by GoTeam ( 5042081 )

Modern presidents are [1]shit heads [cbsnews.com].

[1] https://www.cbsnews.com/news/eagle-pass-shelby-park-biden-cease-and-desist-texas/

President JD Vance? (Re:great) (Score:1)

by MacMann ( 7518492 )

State and cities that fail to hold up rules on having sex separated restrooms and locker rooms for public schools should not be getting federal funds. States and cities that impede enforcement on immigration enforcement should not be getting federal funds. States and cities that don't follow "mandated reporter" rules on child abuse and other crimes should not be getting federal funds. I'm looking at you Buffalo.

While I'm not in agreement on marijuana possession prohibitions from the federal government th

Re: (Score:2)

by sarren1901 ( 5415506 )

Umm, I think it's pretty obvious how pointless impeachment is. If all of Congress isn't thoroughly red or blue, it's just a waste of time because the Senate won't go along with the House. The last 3 impeachments that have happened were purely for political grandstanding. A total joke.

Re: (Score:1)

by The Grim Reefer ( 1162755 )

> China has century long plans in place right now. They're building infrastructure at a massive scale. Meanwhile in the USA the president is threatening to withhold federal funds because the "wrong" mayor won a primary. [1]https://www.cnbc.com/2025/06/2 [cnbc.com]...

> For anyone who thinks this is amusing. Let's imagine this.

> Today President Biden has announced today that he is withholding federal funds from Florida because far right mayor won the party primary.

> There would be an impeachment vote that same day and he would be checked into the hospital.

So similar to how [2]FEMA didn't stop at homes with Trump political signs in the yard? [npr.org]

Or when Biden withheld federal funds to Oklahoma because the Title X family planning program didn't hand out referrals for abortion?

[1] https://www.cnbc.com/2025/06/2

[2] https://www.npr.org/2024/11/09/g-s1-33601/fema-worker-hurricane-trump-signs-florida

Re: (Score:2)

by Bert64 ( 520050 )

Not really, both wechat and alipay have a tourist card option that you can top up with a foreign debit card. It has a 3% fee i believe but then you can pay for things the same way the locals do.

Good (Score:2, Insightful)

by backslashdot ( 95548 )

I don't use cash either. Haven't in years -- it's easier to just tap my phone .. so I don't recall using cash since the before the pandemic, outside of maybe on some vacations. Actually, not even sure about that.

Re: (Score:3)

by Viol8 ( 599362 )

Someone will have to explain the point of apple pay and whatever the google equivalent is. You spend all the time setting it up just to duplicate the functionality of the contactless bank card you already had. Ummmm... why?? Just use the bank card! Not only frankly is it easier to use a card than faff around getting a phones NFC and/or a QR code on the screen to work with a reader, but it makes your phone a horrendous single point of failure if you lose it.

Re: (Score:3)

by ArchieBunker ( 132337 )

Apple Pay doesn't share your card details.

Re: (Score:2)

by Dixie_Flatline ( 5077 )

1. The ApplePay system is more secure because you have to initiate the payment. Nobody can just walk up and press a payment terminal up to your card.

2. Additionally, the ApplePay system uses a rotating number in the background, so your real CC number is actually used (from what I understand)

3. In my own personal experience, the tap-to-pay system on my card is much less reliable than my phone or watch. I don't know why or how; it used to be better, but then I got a new card and now it's terrible.

I use my car

Re: (Score:2)

by Dixie_Flatline ( 5077 )

That should say, "...so your real CC number is NEVER actually used"

Re: (Score:2)

by shilly ( 142940 )

You can make much larger purchases with Apple Pay than with contactless.I bought my wife some jewellery with Apple Pay, and it worked just fine. With a card, I’d have had to revert to chip-and-pin which is a pain and less secure.

Re: (Score:2)

by nospam007 ( 722110 ) *

"Just use the bank card! "

The bank card doesn't scan your face and cannot be disabled from home when lost or stolen.

Banks used to offer temporary card numbers (Score:2)

by drnb ( 2434720 )

> Someone will have to explain the point of apple pay and whatever the google equivalent is. You spend all the time setting it up just to duplicate the functionality of the contactless bank card you already had. Ummmm... why??

Once upon a time banks offered temporary credit card numbers on their websites. Login, perhaps specify the parameters of use, here's an alias number for your real card. They were awesome online. Not only did they not expose your real number, but they bonded to the first user. So if some company got hacked the numbers wouldn't work elsewhere. You could have regular payments with limits to avoid surprises. Why is the HOA trying to charge $1,000 rather than $300?

Today Apple Pay can fulfill this role. And as

Re: (Score:2)

by DamnOregonian ( 963763 )

I use my phone, or my watch. I never have to get it from my wallet. It's vastly easier to use NFC. Literally tap my wrist against it, neat dinging noise, done.

I don't know what shit-for-brains moderated you insightful, but you're not.

The very fact that NFC payment methods are easier is exactly what is driving them.

Re: (Score:2)

by smooth wombat ( 796938 )

Good to know if your phone is lost/stolen/damaged you are shit out of luck.

Re: (Score:2)

by backslashdot ( 95548 )

Isn't that the same as losing a wallet? I do have physical credit cards, that I don't carry around. Let's say I were to lose my phone, I would buy a new one and restore everything to it.

A few emergency 20s for burritos and gasoline (Score:2)

by drnb ( 2434720 )

> Good to know if your phone is lost/stolen/damaged you are shit out of luck.

That's why old farts carry a few emergency 20s. So they can get enough burritos and gasoline to get home in such an emergency. :-)

Re: (Score:2)

by DamnOregonian ( 963763 )

I can use my phone or my watch. Only have 1 wallet.

Good thing it can't be lost/stolen/damaged.

What the fuck struck you as intelligent about the comment you made?

Re: (Score:2)

by thegarbz ( 1787294 )

So like losing your wallet only not as bad since you still have your ID card and public transport card?

Cut off and under the flouroscope (Score:4, Insightful)

by hwstar ( 35834 )

1. What do you do when your card no longer works to buy groceries because you pissed off someone high up in the government?

2. What do you do when you get a flooded inbox/mailbox full of offers from sellers purchasing your purchase habits and pimping you their wares since the data brokers know exactly what what type of person you are? [And you have no way to opt-out]

I'm sorry, but good old cash insulates you from these issues.

Re: (Score:1)

by Anonymous Coward

> good old cash insulates you from these issues.

That's why it's being phased out. The authoritarian sociopaths want to track your every move, stalking made legal

Re: (Score:2)

by ArchieBunker ( 132337 )

Who is phasing out cash? Seems like the market itself is deciding this convenience. Your savings and money are just numbers in a database.

Re: (Score:2)

by hwstar ( 35834 )

Maybe it won't be phased out for a while, but at some point if everyone switches to digital transactions of some sort, then cash will be phased out. After all it costs money to print bills and mint coins.

In the purview of the United States, and not China: The big problem I have is that almost all electronic methods of doing financial transactions with payment cards or apps are privately owned. This is a shift from the past where the government minted coins and printed bills. [As well as clearing checks betw

Re: (Score:1)

by Anonymous Coward

1. Stop electing petty snowflakes. But I have an idea of what you’re insinuating.

2. Junk mail, big deal.

Re: (Score:2)

by hwstar ( 35834 )

I see you're posting as AC. This means the troll filter is inserted in the signal path.

This is China not the United States. What elections?

As for petty snowflakes, it you get them either way. Both the R and the D politicians feel they're special and unique.

The political system in the USA B0rked. But will it be fixed? Heck no.

Re: (Score:2)

by GoTeam ( 5042081 )

> Both the R and the D politicians feel they're special and unique. The political system in the USA B0rked. But will it be fixed? Heck no.

Neither group is motivated to fix it. They seem to be making lots of money not fixing it.

Re: Cut off and under the flouroscope (Score:1)

by jobslave ( 6255040 )

It would solve for them if the problems actually existed. That also doesn't fix the problem that is actually going to come to fruition. What good is cash if nobody accepts it? You'll still need to convert your paper/coins to digital to actually be able to use it. That time for that is fast approaching.

Re: (Score:2)

by Viol8 ( 599362 )

No problem using cash here in the UK. In fact I know of one cafe in east london than ONLY accepts cash. Yeah, probably a tax dodge but even so, your card or phone is no use there.

If somebody high up in your government (Score:1)

by rsilvergun ( 571051 )

Has it out for you then unless you have been protecting democracy non-stop for the last 50 years you are already fucked. And with the exception of maybe possibly France I don't know any country that has been doing that. Pretty much all the first world Nations have been balls deep in moral panics instead of making sure they are systems of checks and balances were functional.

It's that classic, he's got 1024 bit encryption what do we do! Hit him with this $2 wrench until he gives us the code...

In Americ

Re:Cut off and under the flouroscope (Score:5, Insightful)

by VertosCay ( 7266594 )

> I'm sorry, but good old cash insulates you from these issues.

You realize that you are effectively preaching against God to the choir, right? We have seemingly entire generations of people who have had pocket surveillance devices in their hand since childhood. They mistake addiction for convenience and the Tech industry loves them for it.

Re: (Score:2)

by thegarbz ( 1787294 )

You ignore your own generation. Those who didn't grow up with trackers in their pockets none the less grew up with email inboxes full of spam and advertisements and guess what happened... nothing. The world has gone to absolute shit, there's few things I could care less about right now than some advertising fuck send me a promotional email because they know I bought milk and a dildo last week.

Re: (Score:1)

by MacMann ( 7518492 )

I was thinking much the same. By having financial transactions be digital it is easier to track what people do and where they so, as well as "debank" someone for their politics.

I don't recall debanking being something practiced in the USA but I've seen it happen in Canada and UK. It's not like the USA is completely insulated from this, people can still have the government mess with thier finances but it takes more than a simple disagreement with some politician, there must be a crime alleged, court orders

Re: (Score:2)

by ArchieBunker ( 132337 )

> I was thinking much the same. By having financial transactions be digital it is easier to track what people do and where they so, as well as "debank" someone for their politics.

It's a simple explanation. A group announces it's intention to commit crimes. You gave money to the group. The group committed the crime(s). Police investigate and see you funded a crime. Your account is frozen while an investigation happens.

The "persecute me harder daddy" crowd screams they're being picked on because of politics.

Re: (Score:2)

by tepples ( 727027 )

> I don't recall debanking being something practiced in the USA

Then you must not have followed FOSTA, a 2018 US law weakened the protections of Telecommunications Act section 230 with respect to sexually explicit material. This made it easier for acquiring banks to get away with debanking sellers of erotica.

Re: (Score:1)

by MacMann ( 7518492 )

I did not follow FOSTA, I had to look that up. That's "Fight Online Sex Trafficking Act" is it not? Sex trafficking is a crime, hardly a matter of merely selling explicit material or a disagreement on politics.

If there were abuses of the law to take down legit business then that is a problem. I don't much care what consenting adults do, or if they do that in front of a camera. Where I see a problem is allowing people to profit from selling recordings of people being abused, that makes them an accessory

Re: (Score:2)

by tepples ( 727027 )

> Sex trafficking is a crime, hardly a matter of merely selling explicit material

I think what happened with FOSTA is that some of the more conservative states or the federal government redefined "sex trafficking" to include not only sexually-oriented human trafficking but also all other sexually-oriented commerce.

Re: (Score:2)

by nealric ( 3647765 )

1) Cash doesn't really help you unless you keep massive hordes of physical cash just in case the government is out to get you. If the money is in your checking/savings account, an authoritarian government can shut that down just the same as a credit card.

2) Even if you only pay cash for normal goods, they will find you. If they don't find you, you'll still get plenty of general purpose spam.

Re: (Score:2)

by shilly ( 142940 )

If you use Apple Pay, you don’t suffer from these issues, because transactions are anonymous and private.

Re: (Score:2)

by thegarbz ( 1787294 )

> 1. What do you do when your card no longer works to buy groceries because you pissed off someone high up in the government?

Presumably do what desperate people do, and go on a murderous rampage against the government with the problem solving itself. Seriously the government can fuck you up in countless ways, pretending that cash vs card is some issue is hilarious. If you piss of someone in the government to that extent, your line of credit is the least of your worries.

> 2. What do you do when you get a flooded inbox/mailbox full of offers from sellers

Nothing, because I live in a place with data protection laws, and I am a man of the 90s and have seen my inbox flooded with spam of all sorts, and it has had no ef

Yet Chinese takeaways are still cash only (Score:2)

by xack ( 5304745 )

Seems that the overseas Chinese community knows something.

Re: (Score:2)

by nealric ( 3647765 )

They know they can get out of paying sales tax if they don't report their transactions.

A recent experience (Score:5, Insightful)

by Jeremi ( 14640 )

Scene: Lunchtime at the Central Market, a trendy/tourist-trappy food-court/market area in downtown Los Angeles. Waiting in line to buy a gourmet sandwich from the sandwich vendor.

In front of the counter: lots of hungry customers. Behind the counter, three bemused-looking sandwich-makers standing idle, because the order-taker at the register is holding a cell-phone to one ear, conversing furiously with the tech support line of the company that provides their cashless ordering system, while at the same time waving off customers because he can't accept their cash and his order-taking tablet's server is down so he can't accept their credit cards either.

My takeaway is that cashless transactions are fine, right up until the moment they suddenly stop working for whatever reason, and at that point everyone involved will either fall back to cash as a work-around, or wish that they could.

Re: (Score:2)

by butlerm ( 3112 )

Credit and debit cards are great until there is a power outage, a natural disaster, a war, or a (local and hopefully temporary) collapse of the Internet. Then people just stare at each other and can't even buy gasoline or groceries if they do not have any emergency cash on hand. Hey buddy can you spare a twenty? I need to get to work or my grandmother needs to get to the hospital in the next town over, etc. It would turn panhandling into an art form, not that it isn't one already. And perish the thought

Re: (Score:2)

by gaiageek ( 1070870 )

> My takeaway is that cashless transactions are fine, right up until the moment they suddenly stop working for whatever reason

This. Spain got a lesson in this just a couple months ago with its massive power outage. Add in internet and payment processors and you have 3 potential points of failure. As much as I prefer paying by card, maintaining the option to pay cash is smart.

Re: (Score:2)

by shilly ( 142940 )

Paying cash if there’s a power outage isn’t going to work in any store larger than a mom-and-pop anyway, because cash registers are powered and linked to POS systems that track transactions.

Re: (Score:2)

by znrt ( 2424692 )

it was a clusterfuck but ended up being a fun day, not without valuable lessons indeed: people find a way around, pretty quickly, and humanity sometimes surprises you. if you have ever driven around in the dense and hostile jungle of barcelona's traffic you'll know what a depressing and unnerving experience it is. however without traffic lights and with the police completely overwhelmed (and virtually absent) the pure chaos magically worked out. people just did that, there was no need for police. everyone w

A Different Recent Experience (Score:2)

by Roger W Moore ( 538166 )

Scene: a queue of customers in a shop. Customer at the head of the queue with a total of $19.10, hands the cashier a $20 note to pay. There is no till just an electronic card reader and a cash drawer.

A frown appears on the cashier's face as the sudden realization that skills learned in their "advanced" maths class will now be called on after years of neglect. They reach for the calculator only to remember that the batteries died this morning and nobody has had a chance to replace them. Concentrating hard

Re: (Score:2)

by MacMann ( 7518492 )

> With a flash of relief the cashier opens the cash draw only to be confronted with 25, 10 and 5 cent coins and a new seemingly impossible puzzle of how to choose the right coins to make up 90 cents....

While an amusing tale I'd expect someone so inexperienced in making change would simply ignore the quarters and nickles, focusing only on the dimes and pennies to make things simple on the math, then hand out nine dimes to make 90 cents in change. Who would complain about that? It can be explained trivially as running out of quarters.

Re: (Score:2)

by thegarbz ( 1787294 )

> My takeaway is that cashless transactions are fine, right up until the moment they suddenly stop working for whatever reason, and at that point everyone involved will either fall back to cash as a work-around, or wish that they could.

No business has 100% uptime. Today it's cashless systems, tomorrow it's a power outage preventing you opening your register. Close up shop and open again tomorrow. If you can't survive the day without business then you were going to go bankrupt shortly anyway, and your customers will live without a sandwich.

Re: (Score:1)

by ArchieBunker ( 132337 )

Links, please? I love WHEN the boomers use RANDOM caps in sentences.

What about strippers? (Score:2)

by zawarski ( 1381571 )

How you supposed to make it rain? Venmo a lap dance?

A cashless society means your money is not yours (Score:2)

by schwit1 ( 797399 )

[1]https://www.reddit.com/r/copyp... [reddit.com]

The GoFundMe cancellation of the truckers' money should make you all aware of how a cashless society will work. The government gets mad at you and they wipe out your money. The end. Think they can't get mad at you, you're a good citizen? Welcome to the social credit system.

In a cashless society your money is yours only as long as the banks and government allow it .

[1] https://www.reddit.com/r/copypasta/comments/qmfsja/a_cashless_society_means_no_cash_zero/

Re: (Score:2)

by ArchieBunker ( 132337 )

Boo hoo, people funded criminals and paid the price. You weren't persecuted for being conservative. You were persecute for being an asshole.

Your savings and wealth don't exist until you withdraw it in physical form. Until then it's some bits in a database. Society is already mostly cashless. Try and withdraw your savings and see how much work it takes to have the bank hand you over a briefcase of bills.

That's OK - most spend it like it isn't theirs. (Score:2)

by Fly Swatter ( 30498 )

Isn't the average person in debt? Just keep spending it isn't like you have anything to lose.

This is why our economy is circling the inflation drain.

Re: (Score:2)

by znrt ( 2424692 )

> In a cashless society your money is yours only as long as the banks and government allow it .

you know that one possible way out of us' colossal debt (which is otherwise already unpayable) would be just devaluating the dollar? have fun with those pieces of paper and metal of yours if that happens. no money is real, it's just trust.

Not new... (Score:2)

by Ritz_Just_Ritz ( 883997 )

This has been going on in China since before the pandemic. Five or six years ago it was already a common occurrence to find taxis that didn't want cash. Even street food vendors wanted to get paid electronically.

It's certainly an interesting way for Big Brother to have the ability to know EXACTLY where everyone spends their money AND to have the ability to instantly cut someone off if they want to.

No thanks.

A hermit is a deserter from the army of humanity.