Amsterdam Conscripts Homeless in the War on Cash

Amsterdam Conscripts Homeless in the War on Cash

Amsterdam has introduced the “Contactless Payment Jackets” for beggars, an electronic payment system that allows people to donate to the homeless. Amsterdam Fully Embracing Digital Payments. Although the recent demonetization policies are mostly felt in developing countries where the economy is predominantly cash-based, developed countries are actually spearheading the movement. Most recently, the Netherlands have joined the ranks of developed countries like Sweden and Denmark in the war on cash. As a consequence of a society that relies heavily on banks and electronic payment systems, and....


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