What would be the pros and cons to a fully cashless society? Is this viable?
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Team Cashless! However, it is for personal gain, as cashless seems to have more benefits than paying cash.
Easier for everybody to be tracking whatever transaction.
Only cons will be the higher cost involved...
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I'm on the side of team Cashless, and I believe modern businesses will stand to benefit due to the speed and transparency of transactions. However, traditional businesses might be on the long end if they still need to depend on Cash and might not be able to leverage economies of scale to minimise the costs of taking up cashless payment methods.
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Alex Chua
08 Mar 2020
Seedly student Ambassador 2020/21 at Seedly
Team cashless for the win.
There will be a digital records so I can track down my expenditure.
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Rais M
08 Mar 2020
Accountant at SME
Team cashless for me! These days, i only keep 5 piece of $10 notes in my wallet for emergency use. E...
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There will be less manual work if we go cashless and reduce business cost, but this is difficult to implement in some countries like Japan, Singapore as there are many old folks that are not tech savvy.