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8 years ago
4
The War on Cash
Banks, governments, credit card companies and fintech evangelists all want us to believe our cashless future is inevitable and good. But this isn't a frictionless utopia says Brett Scott, and it's time to fight back. Several months ago I stayed in an offbeat Amsterdam hotel that brewed its own beer but refused to accept cash for it. Instead, they forced me to use the Visa payment card network to get my UK bank to transfer €4 to their Dutch bank via the elaborate international correspondent banking system.
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What is this cash you talk about? I believe the correct term is analogue bitcoin.
Some time ago,some idiot said:"If you pay with cash, you might be a terrorist." (rolls eyes.)
They call the 500 pound note in the UK The Bin Laden. They are certainly trying to demonize cash.
Idiots are still saying that.