The phenomenon is only just coming into debate but has been underway for many years: as time goes by, economies resort less and less to cash for payments, and increasingly to digital means. If cash is no longer king, what can we expect our societies and economies to look like tomorrow?
Visa has launched the Cashless Challenge, in which it will give 10 000 dollars to 50 selected shops across the US, if they completely stop accepting cash payments. Its goal, pushing the cashless evolution of the economy to the brink, and killing cash off completely, so as to conquer the entire market. But many ethical questions lie in the way of the campaign, which Visa seems uninterested in acknowledging.
India is going through a major crisis affecting all walks of society from the very Prime Minister to the streets of Mumbai. The reason is cash. In a move towards demonetization and by pushing a cashless society, leaders have been exposed to have personal interests or to be corrupted by the dematerialize payment sector. Indians want their leaders out and the cash back.
