Plastic sliding, chip readers and mobile applications have changed the way of consumers. They enjoy the convenience, speed and efficiency of life in the world after Kash. A world without money inspected this new reality and studied the potential advantages and disadvantages of life in a cashless society.
For the older generation, cash brings a sense of security and normal. However, even if you realize that it is necessary to adapt to the development of economies. They have no choice in certain areas of the world.
In a small German city, “exquisite” roam on the humble streets in the city. This travel machine tries to make up for the lack of banking institutions in cities. Citizens who are lucky enough to celebrate the bus on the route have the opportunity to withdraw their real money.
Sweden’s cash options are more limited. Here, you accept a payment system called SWISH, which only requires the seller’s phone number to complete the transaction.
Cash quickly became the anger of sellers and banks. The process of receiving and depositing cash and the unreachable bank interest related to this activity further increased the use of a complete digital payment platform.
As the public’s dependence on cash continues to concentrate, the supervisory authorities have also been relieved. They said cash often helps tax evasion and other illegal companies. Instead, digital transactions are immediately recorded and easy to understand.
In view of the unprecedented convenience and the brilliant attraction of future technology, many consumers do not realize the danger of a cashless society. In addition to the embarrassment of a generation gap, the end of money may exacerbate issues related to privacy and security. As a digital code, 80 % of total funds exist. Successful hackers or computer errors may quickly delete a person’s currency value. Each transaction creates another data. Most consumers are in the dark, and the information is moved and eventually benefited from it.
A world of no money outlines a trend. Its growth seems to be inevitable and unstoppable, and we have a deep understanding of the protection measures we must take.
Directed by: Hanspeter Michel
