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CASHLESS
Movies depicting the future have often shown societies that use some variety of credit for transactions. The use of actual paper money and coin has consistently been portrayed as an ancient ritual. Has the movie world always been a few steps ahead of reality or is it the most accurate fortune teller that every lived?
In an attempt to curtail the spread of infection, the use of credit, or debit, payment for purchases has become the norm. The number on retailers going to cashless payments only has skyrocketed in the last six months. The increase in online transactions has also blasted upward, furthering the cashless transaction world. If you were to check your wallet right now which would you have more of: plastic cards or paper bills? Currently, we are not in a “cashless society” but we have moved to a “less cash” situation. The rise of a pandemic has pushed us closer to achieving the cashless society. It has been known for decades that paper money, by virtue of its fibrous makeup, and, along with coins, are spreaders of decease due to hand to hand passage. What does a truly cashless society bring with it? Like many industries that have gained a stronghold on society, it means total control. Similar to the insurance industry in the U.S. that basically decides what to cover and not to cover, the banking industry would ultimately dictate the cost of every digital dime we use. The side hustle for a few extra bucks would be gone. How would those who cannot not get credit, don’t have bank accounts or debit card survive? The small mom and pop stores that take cash and can’t afford to give a percentage of every transaction to credit card companies would have no choice. The advent of digital payment apps like PayPal, Apple pay, and Venmo have made purchasing much more convenient, but it comes at a literal price. What does this mean? It means that every dollar we earn will have a percentage of it go towards a fee for using that dollar. For those of you are thinking that credit card companies charge only the merchant to use the card on every transaction, that is true. For now. Those fees average about 3%, currently, but with total control those fees will be a golden ladder that the banks will climb. As those fees climb so will the cost of items you digitally purchase. The yearly fee paid to have the privilege of using that credit card will be up for grabs as credit would be the only game in town. As far as competition between cards, well, look at the insurance industry. While most of us have already started this move to a cashless society, and for the most part, we are at the “less cash” stage now, it seems that only time will tell if it is a worthwhile transition. The movie world doesn’t portray the use of a cashless society as a good thing. Are they foreseeing the future again? For more information on a cashless society visit: https://www.usatoday.com/story/news/factcheck/2020/07/27/fact-check-cashless-society-isnt-imminent-wouldnt-eliminate-cash/5415027002/ https://www.daveramsey.com/blog/cashless-society https://www.huffpost.com/entry/cashless-society-dangers-racist_l_5f234e95c5b68fbfc880de22 https://www.thebalance.com/pros-and-cons-of-moving-to-a-cashless-society-4160702 
Thank you for visiting my website. If you have questions about anything on the site or about being an author, let me know. If you need help creating you next masterpiece I might be able to help. Happy writing and reading! Luca |
Green Haven, a novel
Ebook now available on Amazon and Barns&Noble and Mascot books. Pre-Order you hardcover copy at Amazon, Barnes&Noble, and Mascot books. Signed COPIES now available here (click on the Green Haven header at the top of this page) ... it will keep you on the edge of your seat. -NC RELEASE DATE: OCTOBER 6, 2020 PRE-ORDER TODAY EXCERPT FROM CHAPTER 35:
They walked out of the building and headed for Brian’s car. Cathy asked how he thought it went. He replied that the police didn’t ask her any questions, which meant they knew what she was going to say and had already checked the facts. He muttered just a little too loud that they must have more. Cathy felt her skin turn cold. “What does that mean? And don’t hold back.” Brian turned and looked at Cathy. Again, he placed his hand on her forearm, this time for comfort. “The police are not telling us everything. I can sense this.” “Sense it? Let’s go back and ask them.” Cathy made a turning motion like she was heading back into the police station. Order Green Haven today to read the entire mystery 
"...AS THE SUSPENSE BUILDS THE CLUES BEGIN TO COME IN RAPID FIRE...
-LYNN
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