It was recently announced that cash will no longer be accepted on the London Bus system and the use of plastic cards, which can be preloaded with credit, will be insisted upon. This follows on from a similar announcement in Kenya where public transport will also go cashless and switch to an electronic system of payment.
The move towards cashless transactions is very much an increasing trend and governments throughout the world are pushing the idea of a “cashless society” i.e. a world where all payments are made electronically. Obviously, proper records will have to be kept and these will have to be readily available to all those concerned. Important and powerful, global organizations including the UN are involved but developments along these lines could have massive implications for individual freedom and privacy.
Supporters point to an obvious reduction in overheads by removing the need to produce/secure physical cash along … Read More