India ECB

Visa’s plan to push cashless transactions: what about ethics?

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.