Why we should not go cashless?

The Drawbacks of a Cashless Society Without cash, we would be forced to leave a record of everything we buy. While this may not bother some, there are many who worry that governments and/or corporations could use our purchasing histories as a way to track us, monitor us, and even intimidate us.



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Two-fifths of Americans used no cash in 2022 (Source: Pew Research) 11% of US adults have completely stopped using cash, up from 5% five years ago (Source: Gallup) The average number of cash payments fell from 26% in 2019 to 20% in 2021 (Source: Federal Reserve)

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Sweden. Sweden was the first European country to issue banknotes. Ironically, it looks to be one of the first to get rid of them. Sweden's move to a cashless society is encouraged by law and in Sweden, a merchant can legally refuse cash payments.

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