Discussions

More countries are moving toward cashless systems—digital wallets, QR payments, online banking, and cryptocurrencies are becoming the norm. While a cashless society offers convenience, speed, and lower transaction risks, it also raises concerns about digital exclusion, privacy, and centralization of financial power.

Some people worry that those without access to technology (like the elderly or rural populations) might be left behind. Others fear that governments or corporations could gain too much control over personal spending data. Meanwhile, supporters argue that cashless systems reduce corruption, improve transparency, and support economic modernization.

I recently read an article on https://www.gmru.co.uk/
discussing the advantages and disadvantages of going fully digital, and it sparked this question:

Are we actually ready for a completely cashless world, or should physical currency remain a safety option? What do you think would happen if cash disappeared entirely?