this post was submitted on 12 Dec 2023
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A cashless future is a bad idea, but it’s not a conspiracy . (aeon.co)
submitted 11 months ago by Lugh to c/futurology
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[–] Kolanaki@yiffit.net 8 points 11 months ago* (last edited 11 months ago)
  • Gotta pull it out from an ATM or get a check cashed.
  • Gotta know how much you're gonna need lest you need to pull out more.
  • Gotta count it out and do math to make sure you're paying the right amount as well as making sure you got the correct change back.
  • If your wallet is lost or stolen, that cash is fucking gone.

Meanwhile with digital:

  • Can tap and pay in like 10 seconds.
  • Don't need to do any math
  • If I lose it, I can turn it off with my phone and not lose any actual money.
  • If I forgot my wallet, but still have my phone, I'm not SOL because I can tap and pay using my phone, too.