An increasing number of Scandinavian countries are moving towards a cashless society, in favor of using bank cards exclusively. In Sweden, almost no stores accept cash, and even banks are suspicious when a person makes […]
Tag: War On Cash
European Cities Quickly Ditching Cash For Smart Payment Systems
Despite a number of concerns, European cities are now far ahead of the U.S. in the transition to a cashless economy with everywhere from hotels to grocery shops to the kindergarten kids selling cookies in […]
Australia Introduces Tax On Personal Savings
In a scary move, Australia will be the first nation in the world to introduce a compulsory tax on savings. That’s right – if you have money deposited in a bank account, you will have […]
Swiss Banks Latest To Declare War On Cash, Ban Withdrawals
Stunning news out of Switzerland this weekend where a Swiss pension fund manager, after calculating that he would save at least 25,000 CHF per year on every CHF 10m deposit due to negative interest rates, […]
Louisiana Declares War On Privacy By Banning Cash At Garage Sales
Louisiana cemented itself as the most privacy unfriendly state in the union when it passed a bill last week banning the use cash in all secondhand transactions. The shocking move is both a blow to […]