Difference between revisions of "Cashless society"
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A '''cashless society''' refers to states and nations which have removed the ability of the people to independently conduct transactions without some larger entity such as a bank, credit card company, government, or other knowing about it. | A '''cashless society''' refers to states and nations which have removed the ability of the people to independently conduct transactions without some larger entity such as a bank, credit card company, government, or other knowing about it. | ||
| − | [[India]] has made moves toward a cashless society, abolishing larger bills.<ref>[ | + | [[India]] has made moves toward a cashless society, abolishing larger bills.<ref>[https://www.cnbc.com/2016/11/08/india-abolishes-larger-banknotes-in-fight-against-graft-black-money.html India abolishes larger banknotes in fight against graft, 'black money']</ref> [[South Korea]] plans to abolish all coins by 2020.<ref>[https://www.ft.com/content/bf5c929c-b78d-11e6-ba85-95d1533d9a62 South Korea to kill the coin in path towards ‘cashless society’]</ref> |
==References== | ==References== | ||
Revision as of 05:55, April 9, 2019
A cashless society refers to states and nations which have removed the ability of the people to independently conduct transactions without some larger entity such as a bank, credit card company, government, or other knowing about it.
India has made moves toward a cashless society, abolishing larger bills.[1] South Korea plans to abolish all coins by 2020.[2]