Difference between revisions of "Cashless society"

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(removing certain denominations does not equal cashless society. Canada got rid of the penny because it does not make economic sense for the gov to manufacture it and it is rarely necessary)
 
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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.
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[[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>
 
  
 
[[Seventh-day Adventists]] speculate that the move towards a cashless society constitutes the creep towards the formation of the image of the beast, citing {{bibleref|Revelation|13|17}} and pointing out the ability for centralized governments to instantly freeze bank accounts of individuals who do not comply with the [[mark of the beast]]. Adventists also note the exacerbation the [[coronavirus pandemic]] had in propelling the enactment of a cashless society, as written about in the media.<ref>Drenik, Gary (January 18, 2022). [https://www.forbes.com/sites/garydrenik/2022/01/18/headline-a-cashless-society-is-imminent-heres-what-we-can-expect-for-live-events-in-2022/?sh=6b672e5c607f A Cashless Society Is Imminent: Here’s What We Can Expect For Live Events In 2022]. ''Forbes''. Retrieved May 4, 2023.</ref>
 
[[Seventh-day Adventists]] speculate that the move towards a cashless society constitutes the creep towards the formation of the image of the beast, citing {{bibleref|Revelation|13|17}} and pointing out the ability for centralized governments to instantly freeze bank accounts of individuals who do not comply with the [[mark of the beast]]. Adventists also note the exacerbation the [[coronavirus pandemic]] had in propelling the enactment of a cashless society, as written about in the media.<ref>Drenik, Gary (January 18, 2022). [https://www.forbes.com/sites/garydrenik/2022/01/18/headline-a-cashless-society-is-imminent-heres-what-we-can-expect-for-live-events-in-2022/?sh=6b672e5c607f A Cashless Society Is Imminent: Here’s What We Can Expect For Live Events In 2022]. ''Forbes''. Retrieved May 4, 2023.</ref>

Latest revision as of 14:21, May 4, 2023

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.

Seventh-day Adventists speculate that the move towards a cashless society constitutes the creep towards the formation of the image of the beast, citing Revelation 13:17 and pointing out the ability for centralized governments to instantly freeze bank accounts of individuals who do not comply with the mark of the beast. Adventists also note the exacerbation the coronavirus pandemic had in propelling the enactment of a cashless society, as written about in the media.[1]

References

  1. ↑ Drenik, Gary (January 18, 2022). A Cashless Society Is Imminent: Here’s What We Can Expect For Live Events In 2022. Forbes. Retrieved May 4, 2023.