Monday, May 10, 2010
Should The World Become a Cashless Society?
Imagine the whole world running out materials of which money is made, nothing, not even a single note or coin left in the whole world. The value of money will still carry on through credit/debit cards, cheques and other electronic devices. this would mean having only plastic in your wallet.
The cool thing about this is that you can't lose a certain amount, like losing only 10c from your exact change when you needed to buy airtime for R10 not R9.90, Tragic. This would save us the time and effort of counting all your loose change and the handling process becomes easier and faster. The other cool thing about this is that one doesn't have to squander money in front of the date when paying the bill at a restaurant, totally adds bonus points *wink*
The not so cool thing about this is that the literal process of actually feeling the money you've worked for is eliminated, safety issues regarding those who have access to what ever electronic device that will be holding your money value and accessibility to other 'Hackers' that may steal. Other not so cool things about this is if that particular electronic device gets lost then all your money is lost unless a long process is followed to reclaim it and lastly, the world is slowly but surly getting sucked into this Techno-haven that in the future we might not even have to move a muscle, how is that beneficial to our development as human beings?