Bitcoin Is Superior To Cashless Systems Used Today
A society without physical money is already becoming very apparent in our world. Most people do not use cash or checks like they used to 20 years ago. Currently, there is only 8% of hard physical cash represented in the world, and the rest of our money is pure digits. It’s not hard to see that this is a reality as people use mobile banking, debit cards, and online payments. People can go for quite some time without using cash at all this day in age, and it’s increasing in popularity every day. So within the cashless environment that’s growing globally what are the choices available to....
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Every day one hears about the impending demise of physical cash - the dirty coins and banknotes that our grandfathers used for everyday transactions, and some filthy criminals still use today - and the upcoming transition to a cashless society. To us geeks that seems initially a good idea - more virtual, more wired, more connected, more cyber - but then one has second thoughts. Cashless society? I say NO, thanks. Not yet. Sweden Leads in Cashless Transactions. Cashless as they intend it means 24/7 surveillance. It's a tool of Big Brother. If you have doubts, let me lay them to rest for....
Sweden has plans to become the world's first Cashless Country. The European country says that cash is becoming increasingly falling into disuse. Sweden is trying to become the world's first cashless society. This has been highly motivated by the IT industry in the country which as seemingly helped the country to crackdown on a series of organised crime institutions. It seems that the new P2P payment systems and payment mobile systems have been revolutionizing the way people use their money. The latest advancements on several financial technologies, including bitcoin, have led the country....
China, the largest fintech sector according to the International Trade Administration (ITA), is going cashless. Consumers are moving away from traditional banking systems to more efficient and user-friendly financial technologies. KPMG, one of the Big Four auditors with over $25 bln in annual revenue, recently released its Fintech 100 list which represents the largest and most profitable companies within the global fintech market across all categories. China’s Ant Financial and Qudian topped the list, claiming the first and second in rankings respectively. Lufax, ZhongAn and JD Finance....
Bitcoin's first cashless ATM has just gone live in Queensland, Australia. The ATM kiosk was installed at the Bluff Café, which is located in Burleigh Heights. The ATM has been a long time in coming since Diamond Circle announced its development in March this year, but it is now and finally here. The Diamond Circle ATM works together with its bitcoin debit cards. They cannot be used with any other ATM. In March this year, CCN carried the story about Diamond Circle having developed the first cashless Bitcoin ATM. In explaining how the Bitcoin ATM would work, the company's Chief Technology....
A study by the KTH Royal Institute of Technology in Stockholm shows that Sweden is on track to become the world’s first cashless country. Today, five of six major banks in Sweden are already refusing to operate with cash. As a result, and considering the latest Tax Authority guidelines, Bitcoin has the potential to become a commonly used currency in Sweden. People are becoming increasingly accustomed to using bank cards to pay even for the smallest purchases in Sweden with four out of five purchases made electronically. Now, with the increasing penetration of mobile and P2P payment....