Will Digital Payments Replace Cash In The U.S?
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- Опубликовано: 1 дек 2020
- Is cash still king? The coronavirus pandemic may cause a drastic decline in cash usage due to the risk of contamination. The unprecedented surge in the demand for contactless payment has also shown outstanding performances for major companies offering cashless payment methods, like Apple, Square and Paypal. Could covid-19 signal the end of cash in the United States and can the U.S. really function without physical currency?
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Will Digital Payments Replace Cash In The U.S?
That would literally ruin the whole economy to go all digital and not accept cash that's physical. let's never let this happen.
It already happened lol
@@rafaelbenford8846 I always use Cash. Let's not use plastic cards or other digital apps
@Brian Tafolla it's coming lol give it just a couple months
@@AsaAzanyah ewww🤮 don't say that. What are we going to do
@Brian Tafolla i guess just witness the collapse of the usa
We must NEVER allow them to remove physical cash from use. This would be the biggest loss of personal freedom in the last 100 years.
Exactly
That's the whole point; the loss of freedom.
@Brian Cameron Try telling this too the young generation. A majority of them only use Cash app's , debt card's, Credit 💳 card's. The percentage is really low for them using cash. barely any of these young one's are using cash in today's world. Its really sad. We will lose complete freedom if Cash is gone period. I just feel this generation is completely brainwashed.
people can just give me their cash if they don't want it.
Precious Metals are still the underling king, cash is just bulkshit currency losing value. Can't wait to see it all crash.
As someone who use to work minimum wage of $8 and couldn’t afford a bank with all their fees, a cashless society would be horrible for a majority of people. Unless were to change to a digital currency like the lady mentioned, a huge group of people will be negatively impacted.
Just not true, but i understand where you are coming from.
1. A lot of banks don’t charge fees. You don’t need to have a credit card. As long as you are just very basically fiscally responsible, you pay nothing for having a checking account + debt card. They often waive fees too if you mess up once or twice.
2. Think about the amount of change/cash you have misplaced. You never will lose your money like that with a debit card.
3. You have the opportunity to build credit when you are ready and the ability to practice and learn financial health.
Being able to consistently save your money neaty and safely somewhere is how you build true wealth. You’re telling me you think its better to hide all your cash in your house or something.
Face it, your perspective is flawed and biased. The first step to financial security is getting a bank account.
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $13,000 every single week...
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how will rappers flaunt cash in music videos now? by holding up their phones and showing account balances? LOL
😂😂
Ray....YES !!! Ha ha ha ha ha😂😅 best answer.
Well, Rappers can still flash their debit and credit cards.
😂😂😂😂
@@daebak7370 i don't think vaccine should be linked with cash????
as a business owner I prefer receiving cash since digital payments usually charge a fee for transactions to the business. It may be a small fee but it builds up over time.
Plus you business owners get to cheat the hell out of the IRS on your taxes.
Yeah.. They charge crazy fee's at times.. Those Fee's could increase now.
don't know about USA but in India we have many digital forms of payment which don't charge anything and are 100% free like UPI.
@@gauravnilay unfortunately there is nothing similar to UPI in the the USA. Pretty much all the payments processing companies charge fees.
@@jpat863 ....oh, anyways its a great startup opportunity then.
I almost always use cash. It's still my favorite method. Tried and true. Not knocking electronic methods, I use them too, but I use cash every single day. I do not own even one credit card.
These companies only trying to line their pockets with all these fees
This guy in the pink shirt looks like he has "seen" things no man should see
It's even funnier when they zoom on him
@@UNnamed66 Thanks guys for all your likes.I try to entertain people.
@@lazarusblackwell6988 ...
Tru dat :)
Not everyone can look like MacKenzie Siaglos.
Cash is always KING for poor people. We are still here don’t forget us.
Cash needs to stay for many reasons
You can make your way out of poverty, though.
@@geocyo8835 good luck with that. its not making your way paying more taxes, stop be stupid
@@sparcx86channel42 I have had luck with that. The harder I work, the luckier I get. I "stop be stupid" a long time ago.
@American Patriot yeah, you push that foolish agenda! Go you!
If they take away cash that’s your *** they will control YOU!! One flip of the switch off and you have no buying Power
Hmm, unless you have all your money in cash in your house, the money that you saved in the bank is already in digital form. That switch already exists.
You must be pulling a Pablo Escobar huh?
That is the plan 😠. Sadly, sooooo many people are comfortable with digital payments! (Convenience over iqnorance!!!!!!!)
When you invest, you're buying a day you don't have to work.
@Lucas Hudson you're right Sir, it's obvious a lot of people remain poor due to ignorance
@Lucas Hudson it's better to take risks and make sacrifices than to remain poor
@@kelvinpeter8640 it's not ignorance but due to some unprofessional broker in the market
Bitcoin is the most profitable investment online if only you trade with a professional
@Anderson Sarah I will introduce you to my account manager Mrs Catherine of UCLA Anderson financial institution she's great and her methods are working for me at the moment
Keep cash alive! ... Think about a world where the banks/gov know about every penny you spend and who you buy from .. That's zero privacy not to mention all the NEW taxes they will be sure to come up with ...
Facts
When you have cash in your pocket your in control. When you have credit or digital in your pocket their are in control.
This can be a legitimate concern. I live a boring life, all my money is spent on food and gas.
@@kenmarriott5772 mines not!... ** laughs maniacally** as I think about all the sinful stuff I spend my money on haha
The pink shirt guy once challenged the Sun to a staring contest.
And, the Sun lost.
😂😂😂😂😂
Underrated comment
LMAO 🤣😂🤣😂🤣😂
☠💀💀💀💀💀
That sounds like a chuck norris joke lol
Contactless will mostly replace card, but cash will always be relevant because it’s tangible and private.
I hope so but being pushed so hard by elites and the average joe is so naive to the danger of total monteray control. Also cashless gets you in debt easily so your under control there. It won't end well.
Nah there still has to be a limit on Contactless cos there's no security on the actual scan part the only way it can replace the Card Readers is if we enter on Pin on the Touch Screens instead but honestly then it would be part of the same system which can go down so... honestly we need the Card Readers as a backup way to pay :P Cash will not be relevant though it will be gone it costs the Banks money to mine it, make it and hold it :P and it's not good for The Environment so it has to be gone.
Stadiums are banning it
@@moegreen5760 ooo, another reason not to see sports lol
@@FlyingMonkies325 maybe Samsung and google. Apple Pay is secure
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Investing in crypto market with the aid of a professional or experienced trader is a very good passive streams of income.
A major downside for contactless payments is the odd times the systems aren’t working or hacked into.
Factual!
Neisha Nine Starz which is rare.
Yeah, that happened at my Family Dollar. I had to go home and find coins then I went back to the store to buy something.
Also no more privacy and your bank will sell your data to Amazon google and Facebook to serve you ads.
True
I became richer from using cash. It keeps me aware of how I spend money and keeps the banks unaware of how I spend money
Very true it makes the transactions real. When you pay cash. When you use plastic you always get in trouble over spending in malls, restaurants, bars, casinos.
Facts 💯
I became rich by investing.
Budgeting and checking your account before spending money definitely helps.
I'm more of the opposite. Cash on hand is gone before I even touch my cards. Plus, there are apps that make it easy where my money goes.
Now, Cash is on hand for me if I tip at the bar/restaurant or if I know I'm going to a cash-only place.
The rich remain rich by spending less but investing more while the poor remain poor by spending like the rich yet know investment.
A lot of people are scared of missing it up
Tho I'm a doctor I don't have time for trading she manages my account and has made a lot of profits for me can now boost I make $53,790.20 monthly
@Tyler Brant I don't know because i used $1000 to start my trade with her.
I have tried lots of professionals but only got exceptional income of trading with Mrs Laura strategy now earning over $45,000 weekly with her
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And then a solar flare emptied their bank accounts. The end.
Fk ikr! 12% chance in the decade.
There's also the privacy concern and of having your every purchase tracked by another person.
or people, criminals, companies and the government
@@tchrisou812 Seriously which is why it's so concerning that people in the UK and Asia especially China and Korea are so blase about it. It always comes down to "well I don't have anything to hide" it's like, that's not the point.
@S. Can encrypted data be hacked?
Encrypted data can be hacked or decrypted with enough time and computing resources, revealing the original content. Hackers prefer to steal encryption keys or intercept data before encryption or after decryption. The most common way to hack encrypted data is to add an encryption layer using an attacker's key.
The people who rule the world cant trace your money so these reports are baseless
The biggest concern is when payment systems decide to not do "business" with you, i.e. Visa and Mastercard. How can they just decide to not do business with you and it's not considered a monopoly?
There definitely needs to be laws against financial services blacklisting people or businesses without a mandate from the law.
I don’t like cash, but I like the option to be able to use cash if I want to.
exactly makes very sense
Exactly how you were programmed -good dog
Cash is your safety against government controling you completely. If you cant withdraw cash then what will you do if the interest goes negative 3 percent? Keep using cash as well 😉
@@foolsleadtheworld578
Cash is already government controlled
What youre thinking of is gold silver etc. Hyperinflation is a thing and in a real economic crisis the last thing you want is cash you want something like gold and silver and not "certificates" but the actual thing physically accessible.
@@user-xg8yy7yl1d ok, when there is a crash, take your gold to the local grocery store and try to buy groceries with it.
The amount of banks, institutions, and companies who have invested hundreds of millions dollars with the intent to hold long term .
How can we refute that this may be the "super cycle" everyone is talking about? The conditions of this bull market are unlike anything we have ever seen
Was able to grow a total of 6 btc by trading actively with his methods as well and I got 4 of my friends in
Everyone I know all doing well with his signals it's really fascinating so far
Good to know you all earn coins too
I have been going through a lot since I lost my job. Can anyone please link me to a broker that's can help me grow my money
I’m going to use cash more often now because people rely too much on Digital payments , we need to get used to using cash only
I don’t have a government photo ID because I’m under 18 and didn’t get my permit or license so I can’t get a card and I only use cash by cashing in my checks at work
I agree I'm same way
We still need a tangible currency can't just all be digital.
Paper stays in my hand physically until I release it by my own will, digital can disappear with the click of a button.
Even paper money inflates, paper money is dominated by the fed but bitcoin is people's money.
@@ahmedqumbe3644 people = corporations
@@ahmedqumbe3644 it is traded on the stock market and can now be swayed by many different circumstances good or bad. It's not the people money.
@@kevinwest2826 You don't know what your talking about. Its ok though. Just do some research before talking.... Everything is tradable. Even dollars. Forex trading. Ever heard of it?
@Leba Non Then take your money an buy Monero XMR or some other privacy coin and you don't have to worry about governments, central banks, CIA watching your transactions
The guy with the pink shirt looks like he's drooling all over his damn computer...
and he doesn't blink.
A.I at its best
I know right!? He looks crazy
My dude makes Adam Gase look normal
Bahahahahh 😂😂😂
"This note is legal tender for all debts, public and private". That is printed on every U.S.-issued monetary note. That statement needs to be backed by federal law.
The homeless: Do you have any spare change?
Americans: Do you accept Apple Pay?
Yes in China and India.
Homeless will just take your iPhone.
LMAO..!!!! Love this comment.. Lol.... Damn. 😹😹😹
@@utkbyuca89 only in America
I'm a tech professional and geek, and pretty much exclusively use digital payment methods, but I recognize the threat that a cashless society can pose to privacy and freedom.
There's always Monero
u dont really need to be a tech person to see that
@@jerkin2200 lmao
That is true unless we have a way to have our bank accounts and upload to something like cash app but an app that anon it so it’s not monitored by the government. similar to how Google Pay, Apple Pay, and Samsung use a tokenization system where it emulates a fake card number to have transactions work
Yup
Dude in the pink shirt is LIT
Mans is SOOOO mad lmao
I can imagine the dude in pink just taking a line of Cocaine right before recording 🤣🤣🤣
He stares me right into my soul
Like that guy
Bahahahahaha
Wait until you lose your phone, have a problem with the network or power outage. Then cash becomes important again. Plus the fees charged to the stores eat at their profits affecting smaller businesses more.
No you mean wait until the economy collapses because of the stupidity of the us government
I went back to mostly cash in 2018 and won't shop anywhere that won't take cash. .
Good luck booking into a hotel
Not a single word on privacy... I don't want to be profiled based on what I purchase!
Then join crypto movement.
Go sit in the corner with pink shirt guy.
Then just don’t use it. Simple. It’s the future so your going to use it anyways. And also you talk about private but the US government is spying on everyone. Even using your phone your bing spied on so dose it even matter. Google, RUclips ,Instagram,Twitter literally every single website,app, and even the physical phone your using is being monitored you just have to except it and live with it don’t be left behind because you don’t want ads on what you buy that the least of your problems if you can about privacy. I use Apple Pay and I didn’t care if I get ads based on what I buy. I actually want to know about items that might interest me based on what I buy.
@@HKM-1701 I laughed for good 5 mins 🤣 thank you!
money privacy purchases, you can't be serious lol, no one gives -0 shts about what you purchase
If u want cash to stay stop buying online and when food shopping pay cash I do !
I'm with you! I go to the Atm and withdraw cash everytime.
I agree Ms cotto i do the same
easier said than done. Humans do whatever makes life more simple. Just totally giving up online shopping is not the answer
Online is less expensive than a store 1/2 the time that’s the issue
@Judi Grace it says in every bill this debt is legal tender for all debts both public and private. Let them take you to court and in front of a judge you pay them cash
They are inconveniencing you for their own satisfaction. You cannot deny a payment legally and then add a late fee by law
I'm Gen Z and I never use digital payment methods. CNBC can say all it wants about cash not being king, but in my view, cash will always be king no matter what. This is what the media does, it scares us into thinking one form will go and another will rise. I don't think they see the bigger picture when they say young people are pushing forward with this idea. Guess what, I will still use cash when I can come by it, no one can stop me.
This banks keeps looking for ways to get hold of our money, can someone please help me tell them bitcoin already got my money lol?
Except bitcoin is more of a digital asset. Kinda hard to pay for day-to-day things when the price is so volitile.
The IRS would love you to go digital.
Easier to rob people
@@TheKnightOwlJoker
You still hate taxes. Jesus Christ! Get over it!
@@whathell6t no you are a government lover. Taxes are fine but fully digital currency isn't.
@@tophatv2902
I wasn't talking to you.
Plus! "Taxes are fine"? Aren't you being a hypocrite since you called a government lover.
@Mario Luigi
Uh-oh! Someone needs a bit of consumerism to turn that frowny face upside down.
US can't even get rid of pennies
And yet pennies cost more to make them their worth. All thanks to inflation which is something that the government imposed so basically they crossed themselves
God I love Canada
@@shortblackandmiserable yep 👍
@@imannpc2562 it was actually on JP Morgan’s private island
so
Certainly won't be a millionaire at the end of the this recent fluctuation, but however I had 55k invested 6 months ago in bitcoin I'm sitting at 482k now with 50% in eth and 20% in the other alts. The so I'm ver happy and thankful to you to Mrs Annabelle Templar who made this possible by helping me trade maybe the next time I'll have enough to become a millionaire.
Wow, your portfolio must be looking nice
Wow, your portfolio must be looking nice
@RebeccaAnderson is Mrs Annabelle Templar your broker, I guess I didn't make so much because I didn't put in much
Bitcoin is more profitable investment online. It's infact the best way of earning passive income
@@angelajustice3802 yep and partly because you didn't put in much but I'm sure if you traded with my broker your profits would be higher
Had a friend whose bank account was wiped out by a hacker. Digital money is good. Not
I got ripped off for $4,400 by a corporation and there was nothing I could do about it.
I trusted them and I learned a very bitter lesson. Turn your back on them and they will betray you.
Despite having google pay, venmo, paypal, credit cards, etc. I still always carry minimum $40 cash for places that don't take any of them. And for tipping.
Smart practice, but honestly where do you go that won't take credit/debit? My barber only accepts cash, but she has an ATM in her shop. She's the only person in my life who takes cash.
@@DIVISIONINCISION Some vendors won't take card. So I'm a cosplayer and some of the people that sell there stuff at the convention only take cash. But some markets only take cash as well or you have to have a minimum. Like this store that I go to I have to always have a cash cause I'm normally not buying so much to meet the minimum to swipe my card. Or with store that get hacked all the time I'll pay in cash.
Very smart
Lol good luck with that... but as i've seen from China, Sweden and India everywhere just stopped accepting Physical Cash.
@@DIVISIONINCISION I use card for most of my purchase but I always Cary cash as I have been to store that accepted cards but there Machine was down so you could only pay in cash again this is rare but there a few time when I was travelling I stopped for fuel in a small town and all the stores machines were down and I had cash so I could pay for fuel and there were lot of people stuck there until the Digital payment machine were back up
Many small town only have one line feeding the town for Internet and phone and most card Machine use Internet thew the phone lines
That dude looks like he was on some crack!😂😂😂 He was staring so hard
Them eyes though
"cashshs remained king"
Staring into my soul...
@Nate Rogerslol no harm😂😂😂
Dude's stunned he won't be able to use cash to buy crack in the future.
Having profitable Investments are the best than savings...The feeling of waking to a rise in your portfolio or having passive incomes from your monthly investments in the online market??..I'll forever choose cash over digital currency
"Now that's the LIFE"😋😋..I want myself a comfortable life after retirement,Heard much about investments and how lucrative it can turn out..Would be sweet having an investment plan that's lucrative and profitable too,have you been making any incomes yourself.
Yes I've been making passive incomes investing online with the aid of an expert..While in retirement making money in the online market has been my only source of income since I make so much investing in it..Invested in some couple of high growth stocks like SHLL,NASDAQ:VRTX and I've made over 700k under the aid of a financial trade analyst Hovik Morten.Who somehow keeps making me cool digits from my investments.
Some of these are my dividend stocks AMZN,TSLA,NIO,BNGO and they are all have been paying me massively working with pro Hovik,my portfolio keeps rising positively having Hovik invest for me just got paid today(Having my portfolio at 330k)I own a house in Brooklyn all from my passive incomes in the market...I invested into currency pairs,Hovik got me some bonds and ETF's real solid ones and I'm already getting way paid.
While I'm a huge fan of stock picking retirement,I have made a few rather modest investments in individual companies. There are so many stocks going to rocket in the long run... .I put $150k into some growth stocks with my Financial advisor/broker in control of my portfolio Mr Hovik Morten...so far I've gotten 88% on returns so far this year(getting my portfolio at 910k),I'll keep holding to see where it goes.I'm pretty sure I'll soon hit millionaire status
Reach Hovik via mail at:
For those who rely on electronic payments, wait until someone hack into your account and your balance becomes zero, or the system (controlled by the big corporations) change the rules (do you read the fine print?). See what happened to Gamestop stocks.
All of a sudden your password isn't working...
We are so digitalized already. This will come and go and you'll still have personal problems. Try to worry about yourself.
Security is becoming better, Royal Bank Of Scotland has 2FA when you login too for any number and then you have a Card Reader with a Digital Banking Card that you enable on the Online Bank to stop any Money Transfers happening without your authorization and i dunno if a few other Banks do this but all of them probs will soon but it's like super secure, even if they're hacked into they can't transfer anyone's money with RBS unless they don't have a Card Reader.
Wait until you discover what FDIC is.
This can't happen, it is vital that we keep using paper cash instead of relying on card sales.
Yeah everyone doesn’t have a bank account
Yep, after all, barbershops, pizza parlors, hot dog stands, taxi drivers, etc. need that paper moolah (a.k.a. ducats, greenbacks, cheddar, etc.).
Well... For some it's easy to only use debit cards. But if you're paid in cash then it's easier to pay in cash.
@@mokubakaiba1751 in a natural disaster, people just loot, no paper needed. Look up Hurricane Katrina. Pulling out cash will get you shot.
@@mokubakaiba1751 It depends, if it’s a privacy coin it may actually be harder to track than cash.
One of the greatest threats to a free society is the end of hard currency. Digital payments are NOT a good thing if it's the only option. Cash must stay around for the safety of the country.
Yeah that ship already sailed with the gold standard. "Cash" as you know it today is not hard currency its just "worth something" because the government says it is.
Bruh what you smoking ? China already eliminated cash lol and they are still growing like crazy
@@bendover-bz4bc lol they are still using cash ( cash is king ) digital money will take your freedom ( just imagine anytime government can freeze your cash )
@@bendover-bz4bc Do people really still say "bruh" in 2023?
@@kendallevans4079 yes. Just watched a tiktok video with bunch of "bruhs" in it. It was funny.
You can't remove cash. It is literally the only way to protect personal transaction, and allows for government control over LITERALLY EVERY PURCHASE
YUPCONTROL 👀
Contamination is just a excuse for paper money. You carry a card around and handle. Stuff the card is contaminated.
Cash is the best way to keep the government out of your transactions. For this reason it will always be valued more than credit.
bitcoin
Unfortunately most people don't appreciate this but they will find out the hard way once a cashless Society is in place
So what I have nothing to hide.
@@dsan2509 What if you don't have anything to hide and what you do is a crime because the government declared so. Today government is making it a crime to have dinner with 6our own family.
@@godofwar4276 be careful people have kudies. Kooodiees....
I appreciate the different views in the first minute of the video. We need to keep cash alive for sure. Not everyone has the same access to digital devices
And even if they do. Not everyone wants their spending habits tracked.
I cannot in any way agree to completely eliminate cash and allow only electronic money.
I believe that it would be extremely disadvantageous and very dangerous for the whole society. I think that it is worth paying cash, because having cash has always been synonymous with freedom and, in contrast, giving up physical currency would mean loss of that freedom. In my opinion:
1) Cash allows you to stay anonymous. Unlike electronic money, there is also no trace of the transaction on your bank account. If you pay by bank transfer or card, each of your expenses is recorded in the banking system.
2) You can easily hide cash - cash is a very convenient and practical solution. Cash cannot be blocked or taxed suddenly and quickly - just like money in your account. For example, the authorities could try to introduce the so-called Cypriot variant. In 2013, under pressure from the European Union and the International Monetary Fund, the Cypriot government decided to grab some of the population's savings from banks.
3) When you pay with cash, you always spend less money than when you use a card, and you have more control over your expenses.
4) Using cash is free, and banks charge a commission for electronic money.
5) With cash - in the event of any financial crisis, stock market crash or war - you will have money.
6) Electronic payments cannot work without electricity and modern technologies, and cash does not need anything at all.
I highly recommend you the book entitled "Cash is freedom. Why is it worth paying cash and preventing cashless society" by Rafal Ganowski. You can buy it on Amazon.com
If cash is gone, they'll' take away our freedom
“I’ll have whatever the guy in the pink shirt is having”
😂😂😂
🤤😄👀
Maybe the focus should be on making sure everyone has access to bank accounts, instead of hating on modern payment methods because some people are underbanked?
It's actually nuts the US has more banks them anywhere else in the world and yet we still have people that don't even use a debit card
I have known people that have a choice to use a bank account and just use cash instead
I like the tagline of OmiseGo: "unbank the banked".
In several other countries, basic banking services like savings accounts are provided by the government. In Taiwan for example, every post office is also a bank, and banking services are free. Of course, this is a very controversial topic in the US, having a lot of the same points of dispute as National ID laws, in addition to arguments about big vs small government, and class disputes (the current system heavily favors the wealthy, and they'd like to keep it that way.)
@@dennisp8520 there’s many reason for that though. Many banks don’t have branches in poor areas of the country and if those residents don’t have a car of access to get to a bank it can be difficult. Another reason some people don’t have banks is because they don’t trust banks. They rather have their money right in front of them and know they’ll always have access to it.
What happens when technology fails? Then what? You need cash. I've seem credit card machines going down and people had to leave their purchases behind because they had no other way to pay. Happens more than you think.
Just the other day for me at Taco Bell. Big sign said cash only because computers were down.
@@treeseneese8655 I always make sure to carry 200 dollars everywhere I go in my wallet. I have 250 now but I usually between 200-250 for this exact reason. I don't want to be caught out during an emergency with no cash when I need it the most.
The Federal Resege will also be in charge of digital money as well as cash? I don't like that.
Hello what's the way to get started with trade Cos I've been making my personal research for a while now
Trading has left me no choice than to keep investing. Mrs Lillian Donald service to the world 👍👍 It makes so much profit for me
@Clark McDonald I'd advise not to use all strategy you watch or read online. Different traders, different strategy, trying to put all together will only lead to you making more loss
I'm I the only one who still doesn't understand how Bitcoin investment works?
@@lucywills9460 You've just started your trade journey dear! That's just one of the obstacles
Interesting to see someone here speak of Mrs Lillian Donald service
pull the plug, then you'll find out how much cash is still king..
@@lostintranslation57 A system crash or power outage is what he means. It happens. Venders will want cash for payment. So cash ultimately is king 🤴. I agree.
Cash is still king if we're taking about security and safety but compounding credit has taken the throne!
right, might as well pull electricity while you're at it.
You going caveman style, living with no electricity?
@@lostintranslation57 metabem1
all of this could happen if a coronal mass ejection hits the earth. It almost happened in 2012. It would be doomsday
You still need cash around for emergencies when ATM and digital terminals fails like CYBERVirus, Powercut. It's happened when VISA experienced virus attack .
@Toynbee Yonkers how Does that relate
@Toynbee Yonkers ok let me ask this will people who strive still be able to become rich
@Toynbee Yonkers depopulation means less consumers, which means less money for corporates.
@Toynbee Yonkers where can i know more about this
Its okay if bitcoin goes up another 5-10x and we're rich.
If up till now you don't have a crypto currency investment, then you are missing.
I know little about crypto currency. Please how can I make profit from it?
cryptocurrency have been making millionaires, although people are still having losses due to lack of experience, that is why it is advisable to allow a professional handle your trade. I recommend "Maria Martinez", she is trustworthy.
When i started my first trade with Ms Maria, i was scared of scam, but i am glad today that i made that decision of trading with her. Her profit is so unimaginable.
I have been having losses on my trading, please someone should put me to this Ms Maria's investment.
She must be a very sincere person to have many people talking about her investment this way, how do I reach her?
I think having both is best. Because while digital money is convenient, you don’t have as much privacy and it isn’t always guaranteed to function. Cash can always be a useful backup in those situations and is more private.
Ask one of the millions of delivery drivers, waitresses, hair cutters, bartenders and many others about what the move to digital has meant. Hint.... they're making less money.
I give service people their tips in cash. The bill is paid via debt card.
POS machine has tip % options, so cashless doesn't mean they don't get tips. I cashless tip them all the time when dining in... before the covid pandemic of course...
@@jwhisky4128 Average pizza man's delivery is 5-8 miles round trip using his own vehicle at minimum wage. On a $15 order Domino's suggestion starts at $1.50 and caps at $3. They moved to low suggested amounts because for every dollar they prevent the driver from earning they save 3 cents in credit card processing fees. People that used to tip $4-5 now tip a buck or two because the company tells them it's appropriate.
@@maytons this is true
Bollocks. I get charged the same no matter how I pay.
Hello from Australia where our workers actually get a fair wage and don't have to beg customers for extra.
90% of comments of the guy in the pink shirt 10% about the video itself
Welcome to the internet
Tells a lot about the Mindset... I just over look those who Focus more on how someone Looks. The Internet is like that...
@@DjangoVonShaft Right...
For some things, yes credit cards will always be used until they become unsafe. Cash will always be used in small or even some large purchases when a selling makes it a good deal.
I' 66 so I prefer to carry cash It's hard for me to change to the new way of doing things .
I agree that we still need cash. We do use digital money a lot but cash can be helpful for low income people.
But they still vote Biden lol
You just can't have both... it's not actually good for The Environment to make it, they cut down Trees and Mine the materials to make the Coins :P it costs each country 5% of their GDP to make it, so it has to be gone.
@@michaelwintz1896 niqqa what? tf biden gotta do with this lmaooo
I'm pretty sure that Thailand my country has more low income people than the US, we barely spend cash in the daily life nowadays. I can say the 90% of Thais have bank accounts.
This takes away from kids who want to cut grass or shovel driveways for cash.
We need to find someone as passionate in our lives about making money as this man is with staring into your soul.
Any true capitalist will do.
I'm a millennial. I prefer cash and use it over other forms of payment.
( +4-4-7 - 8-6-8 7-2-6 - 0-5-8)
Tell her I referred you 👆
homeless will suffer too i think. What if payment machine will not work? A cashless society is unaffordable
1 Increased risk of overspending
2 Inflated credit card and banking fees
3 Certain businesses would be shut out
4 Creates a technology dependency
5 Loss of security and privacy
It's still feels good to hold a cash in your hands, it greatly decreases your stress and anxiety. And that's a fact.
It burns through my purse so I don't carry them around. 😦
Until someone robs you. At least you can recoup your funds if they steal your card. You can’t recoup anything when it’s cash.
@@arleneaugustahair8393 Call the police ? Catch the criminal ? Return whats stolen ?
What if you get hacked and the robber is on the other side of the world ? Say goobye digital credits.
@@arleneaugustahair8393
But when the corporation who issued you that card rips you off it won't be for whatever is in your wallet.
They will take as much as they want as often as they want. You will be begging them for YOUR money.
Anybody who willingly want the fed to know every dollar u spend is crazy keep cash alive
I’m not saying the govt should have the power to know how I spend my money, but even if they do why would that be a problem?
Who still goes to a physical store to pay cash in the first place? I just get most stuff shipped to my door.
@@CityLifeinAmerica right? if I’m not buying anything illegal who cares? And if you are buying something you don’t want the government to know about, why are you buying it in the first place?
It's about the loss of privacy. It's about them profiling groups based on what they buy and like someone said they can cut you off if they want. Control is no longer in your hands
@@heyya4395 you mean what google, amazon, fb, and etc are already doing? Besides, as much as you’d like to believe you are the center of the universe, you are not that important or interesting for the government to keep tabs on you.
It's discrimination towards those with no bank card.
" Aaaaaaaannd ... It's GONE ! " Just like in " Enemy Of The State " ....not me man.
As long as hackers are around, your gonna need cash.
Right😖😠
Good point.
As long as thieves and robbers are around, you’re gonna need digital payments.
@@asenna4365 they can steal your device, lose lose situation
Millions of digital transactions are being made each day by banks and consumers. It's not that scary. If you are that paranoid, you should be scared if the person standing behind you is going to slit your throat.
Most people rarely use cash these days, I use credit card often for any purchase. Also with the availability of crypto/digital currencies everything is now cashless
Bitcoin has been consolidating recently, and it's really amazing how I invested little then boom the price skyrocketed
Bitcoin trading should be in every wise individual list. In few months time you'll be ecstatic of the decision you took
Bitcoin trading is a big chance to make good income
It is good for one to have different streams of income
Buy and invest in bitcoin and other cryptocurrencies today
Growth is hard, but you have got to choose what you want for your life! Rather be stuck in the same place for years. Meet Linda Howard for your investment growth.
It's not how much you make, it's how much you invest.
Exactly! It's never too late to start, that's why I'm watching how to trade option and equity
I met her on te-le-gram
@investwith_linda
Cash Is Needed Especially In Power Outages
How dangerous. 1 click away from loss or theft of money over internet in USA. We need both.
I got my credit card information stolen 2 times and the bank/visa shut down my bank account for 1,2,3 months every time. A true nightmare. And if you got no cash or a second bank account your big-time facked. Cant even buy food! When I was homeless I could not even get a new credit card by mail...cash saved me
The US is medieval. How does a country pump out so much innovative technology but fail to implement it successfully in their own country? I've never had problems in the UK, Germany, France, Spain or Canada with being cashless. I have had my wallet stolen and the cash was gone forever. When I've lost my credit card or had info stolen, I called the CC company and they handled it, problem solved in one short call and cleared from my account. No issues later. The American financial system sounds like it's just especially terrible.
Google the percentage of Brits, Germans, French, Spanish and Canadians without a bank account or struggling to go digital. It's mostly just seniors and new immigrants in other countries.
@@runningfromabear8354
Problem solved in one short call?
You're clearly not living in the USA.
Phone calls are designed by the corporations to fail.
You will be sent to phone tree hell and you WILL suffer.
@@13ivanogre13 I thought America supposedly does everything better...
Personally I’ve been cashless for years. That said, i disagree with businesses jumping on the bandwagon of going cashless. We should always have the options when we need them. Why am I forced to become a customer of a bank? Going cashless is like closing down train and bus stations and forcing people to buy a car.
There will always be demand for a cash-like medium of exchange for the privacy of transaction it offers.
When alcoholics and drug addicts ask me for money in parking lots, and I tell them, “ I don’t carry cash”, it’s not a lie.
next thing You know their gonna want to implant the US society w chips 😂
@S. That is not comparing the same thing. Not only this, we have insight to what is going on now. Agenda 2030. CCP. Manipulation of our entire population by media. This is the start of the end and it is written. Wake up!
@S. not the same , plus no one forced them to change
That's the plan. Watch "Freedom to Fascism" by Aaron Russo (deceased)
The chips are here thru ur phones, bank cards, t.v's, and these vaccines that they're trying to poison the people with
They’re already doing that in some european countries
people are still gonna use cash for weed lol
My dude take CashApp
It’s legal now. We can get it with debit cards or your debit card in Apple Pay.
@@CityLifeinAmerica where. I live in WA and HAVE to use cash.
They use Bitcoin. Thats why Bitcoin was invented.
They also use cash to tip strippers.
I only carry less than $20; it is my lottery money. Other purchases and paying bills are all digital. It is so easy to see how I spend and receive money.
Anyone who doesn't see how bad this is is insane.
If they goes to a digital currency it means they could turn it on and off at will they could control what you buy when you spend money what you spend it on.
They don't want you to buy a specific car you won't be allowed to if they don't want you to buy any guns or ammunition you won't be allowed to if they don't like what you're buying or what you eat you won't be allowed to purchase, if they deem you bought too much alcohol in a day or a week or whatever they can stop that.
Granted some of these might be extreme but a digital currency controlled by the government will be bad.
Yep, there will be alot of trading. Ex: hey I can't buy (this) can you buy it and I'll buy you that amount in whatever you want. Public always finds a way
And this will lead to more robbery and murder
@@RubberSideDown2 I posted the same thing. It's more then one way to skin a cat
The guy with pink shirt is smoking good ones. His eyes are popping out, and his anger is up to the sky 🤪
lol he looks like Rick Moranis
Meth or adderall.
@Big brother Is watching you How many times are you planning to post the same damned comment on one thread? TROLL ALERT!
I rarely use digital payment. I use cash mainly because of the feeling of spending money. This make me tend to control my spending. I use online banking for online shopping which I use once a month. But with COVID-19, I do use more digital pay now.
@Brian Trudeau agree physical money and coins have been dirty for long time. That's why there's something called washing your hands Lol (sarcasm but the truth) the tv and media are good at fear mongering and brainwashing people telling them to stop using cash for safety reasons, I don't think so it's all about control.
What the hell will we do if electricity goes out, what then wait for it to come back on and what if somebody started cutting the electricity or blow up or thunder storms or snow storms and we can not buy 5 dollars worth gas because there is no cash
It’s not convenient when your phone dies or you card gets declined, gets lost, blocked for security or stolen. Wonder what the solution to that would be once cash is gone 🧐🤔🤫
Strip and gentlemen's clubs won't be the same without cash. Make it rain.
Exactly bro how am I supposed to blow coke with a credit card? Make It Rain
Those strippers will have to learn to code.
@@rebellucy5610 You mean with their fingers as opposed to their mouths?
@@rebellucy5610 lmfao 🤣
Just swipe 💳 between the @$$ cheeks. Square makes it rain.
Even though China doesn’t have “freedom”, their beggars have Alipay
Nearly every pays with their phone, alipay and Wechat
Exactly my thought! To correlate cashless with discriminating the poor is, to me, a poor argument. We have successful stories like those in China and Hong Kong (Octopus cards) that, even the poor can use them without bank accounts and bank fees.
Also, the thing about overdraft fees is that the account holders aren’t aware that they can deny having their accounts overdrawn in advance. There are also a lot of not-so-poor ppl simply avoid having bank accounts just to avoid being taxed on their income/wealth. Those ppl are more than capable to sustain deposits in apps like Starbucks.
Speaking of Starbucks, how r they saving money by having $ in their own payment system, when ppl recharge them with anything other than cash? I’d imagine they will be paying the same fees if $ is recharged via a credit card or debit card. Can anyone clarify further? Thx
I'm an American living in China and I never carry money - I really like it. I didn't think I would, but it makes life much easier. I leave the house only with my phone and my keys.
@@leojei Yes this is thru. When they recharge there is still swipe fees unless thay reload via CASH.
Poor associated to Cash is misleading, In china they already made a solution using QR code which even the homeless person can have a QR code Lol
QR code is much better on both customers and merchant side
The merchant don't need to rent or buy POS swiping machine. they just need to print qr codes. It also has lower Transactions fees
The customer dont need to sign on receipt paper.
also QR code is just using Camera of smartphones and doenst rely on NFC technology
@Mario Luigi Haha have fun with large corporations (like Google and FB) tracking all your browsing history and shaming/scaming you for paying for prnhb subscriptions when the time comes!
A power blackout, network outage, malware infection, natural disaster, cyber attack, or even terrorist attack could wreak havoc upon a cashless economy.
Hmm cash was fine for the last 100 yrs all of a sudden it has become risky....hmm risky for who
I remember in the 80's when using a credit card was the next big thing. They said cash would be dead in a few years.
lol that was 4 decades ago a true bruh moment
Lol yeaa..i remember when credit card use to be the next big thing but... cash still remain powerfull lol
Cash is the base of all payments .It actually holds value by itself without depending on any app or card company. Its not going away anytime soon.
@@adityajadhav3045 I hope you are right.
Future of payments is definitely not paper. Once Fednow gets implemented people will realize how convenient the system is. Digital payments in india has been a success due to transparency, widespread adoption, Governments and banks coordinating, awareness against online frauds, and most importantly no convenient fees are charged. Sure there will be resistance to this new system but it's the future
I dunno. I like both. Any "replacing" of paper currency means the banks are going to have a finger or more likely their whole hand in that pie. Fee, fee and fee- for the convience of course.
Give me cash. i do not want peoples to know what I do.. Never give big brother a way into your life..
"This Note Is Legal Tender For All Debts Public And Private." It's on our currency.
"... my sjw mind ..... having cash is discriminatory against lower income folks". Any validity she had went out the window with that logic. I guess it would be discriminatory to have food while someone is starving as well.
I still use cash and I still go to a cashier. I see where this is headed.
elaborate?
Ya, please elaborate. The cashier’s lines are always way too long for me to wait in - so I always just go through self-checkout 💳💁🏽♀️
This news story didn't mention once about using cash due to privacy concerns
Who do you think writes these stories?
@@martinlutherkingjr.5582 Big business writes these stories...most large stores now require the customers to sign up or pay more...since the news is paid for by thses companies you will not hear much about our "Your papers please" society which we now live in.
EVERY TIME I ASK THE QUESTION I GET NO RESPONSE, THE QUESTION IS, "HOW WOULD PEOPLE IN THE UNITED STATES PAY FOR THINGS IF CASH WAS NO LONGER USED AND THE ELECTRONIC SYSTEM IS DOWN ALL OVER ?" CASH IS USUALLY A BACKUP TO PAYING FOR THINGS. IT WOULD REALLY BE A PROBLEM IF YOU WERE LOW ON GAS, THE ELECTRONIC SYSTEM IS DOWN AND CASH WAS NO LONGER USED.
When email come around we didn't get rid of the postal system. In the same way we don't need to get rid of cash just because cards/digital payments are here. They both have their uses.