golden_addict: “Coins and paper money will soon be replaced by credit and bank cards and ‘e-money’.?
Eventually we will have a cashless society which will be safer and more convenient for everyone.
Do you agree or disagree?”
could u give me some bullet points for and against
Answers and Views:
Answer by Ted
I agree. We are already on our way there
-Debit cards, credit cards, paypal accounts, phone cards, cards for stuff like photocopiers, game cards (that hold credits) for arcades, and even money cards (not sure of exact name) are already here.
-They all have money stored on a card. Debit Cards take money directly out of your account so no hassle.
-Credit cards, allow you to pay with one card and worry about the debt later
-Phone cards mean no more putting money in the machine
-Cards for photocopiers at libraries and stuff contain a certain number of dollars or credits on them so whenever you need to work with it you just put the card in the machine and takes the money or credits needed off. And when its empty just get more money put on it and refill it.
-Arcades where you pay for a game card that you swipe at each game are already here and mean you don’t have to walk around with pockets full of quarters.
-Money cards, these are new but they are here. You just have money on a card, and it is swiped taking whatever money you lose off the card. I don’t know much about these however.
– Then there are things like those vending machines where you dial the number on the machine and it charges your phone bill, no more money.
– And you can even pay for things like pizza and stuff delivered to your house with a credit card.
– And automatic deposit of your paycheck to your account means no more holding that paper check.
– Paypal is an online credit card that can automaitcally transfer money from your bank account so no more sending money to the person etc.
Paper money and coins are becoming a thing of the past. More quickly then you may realize.
But will it make a safer society? People will not be just carrying around stacks of money, or hiding it in their house, which means its a little hard to rob them. Bank cards and stuff enable its you who is using it. But that doesn’t mean it will be safe. While someone could rob your wallet and take 30 bucks in cash, its on $ 30 but if someone takes your credit cards, thats hundreds or thousands of dollars spent easily, from anywhere in the world to anywhere in the world. Identity theft is a major problem with a paperless world. And with everything handled on computer it is going to be easier for someone to hack and get unwanted information. I believe it will only be a safer society if we work extremely hard to prevent that.
yes i think this is close one can now do most any type banking with a computer if you have plastic it is good saves time in the baking area ” time is money ” no standing in line no looking for parking place no one pulling a gun on you in the parking lot at the bankAnswer by Frank Castle
A cashless society won’t be more convenient for everyone. Only for the Government.
They could charge 90% of all the money you make automatically as soon as you are paid from your employer.
In fact, the United States of America is very busy changing their $ 1.00 USD Bill for a $ 1.00 USD Coin since 2001 and as soon as every paper bill is destroyed they will change the $ 2.00 USD Bill for a $ 2.00 USD coin and so on.
This process will take several decades.
Nobody wants to carry $ 100.00 coins and that will force almost everyone to have American Express, Visa, MasterCard and Morgan Stanley Debit or Credit Cards.
I strongly suggest you to buy shares in those companies.
It’s nice to have TEN BILLION OF CUSTOMERS PAYING WITH YOUR CREDIT OR DEBIT CARDS. (In the future)