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What China's nearly cashless society looks like
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- Опубликовано: 11 окт 2017
- The days of overstuffed wallets in your pocket or purse might soon come to an end. By 2020, mobile wallets on our smartphones are expected to surpass the use of credit and debit cards in the United States. But that has already happened in China. Ben Tracy reports.
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0:32 wtf is he doing? pushing his phones QR code into the vendors QR sticker? youre supposed to scan it... with a smartphone camera... wtf
dxelson haha
A peasant doesn't know how to use mobile payment.
yeah. that dude is dumb af
Haha, But actually, in some case, you use your phone to scan others' QR code to pay, in other cases, they scan your QR code on your phone with their phone/machine to charge.
Bushangels you are wrong,as a Chinese,I'm sure that almost everyone(even60year old man /woman can use it,peasont can use it too.because almost everyone have smartphone)
1917: horse is better vehicle of transportation because car need fuel
2017: credit card is better payment method because phone need battery
NUMBER ONE AYE HORSE NEEDS FOOD TO RUN AND MOVE AND CREDIT CARDS BEND AND FADE OVER TIME
@@SHAUNDJFISHBEATSMARTIN ur 2nd is a stretch
He's suggesting the complete reliance on technology for payment, and the elimination of actual currency would be a serious problem if the systems that support digital payments fail. People love to laugh this off as hyperbolic conjecture, an over-the-top suggestion, yet these things have happened in our past. Two world wars in the past century, countless smaller yet equally as deadly regional wars. The next war will be waged, at least in part, technologically with the goal of taking down critical systems and infrastructure to disrupt the enemy as much as possible - to get the enemy's citizens to pressure their government to capitulate.
This is why people that prepare for short and long term disasters/emergencies keep cash and other physical goods/commodities on hand just in case. The lemmings running around with a bricked, useless cell phone in such a scenario are in deep doo doo to put it mildly.
Sure. Letter is better than Messenger too.
@@cenewton3221 As of right now you are right. However, we are probably heading into a society you best want to work but accept they can track you and know where you go. Think about it the rich will not lose anything but those in charge not only can track you, they can restrict how much you buy, punish anyone that criticizes etc. We slowly see this future in China.
In a cashless society the government can monitor all of your purchases and can know exactly what location you was at.
u can also use cash if u want to. cashless payment is just an option.
So what? It's convenient.
@@RD-ht6go please read up more, please stop being ignorant and stop acceptting things just because they are "convenient" or "normal".
idc if im being tracked china，as long as i dont get shot in merica
unless you are doing some shady sht, it doesnt really matter
When I went to china, it was basically what the video showed us, from the most rural areas to the most urbanized places, QR codes are everywhere.
I also went to China and yup it's true
I am a Chinese and study in Germany,in Summer i returned to my homeland,China,in a small city, I have to say i am out ……all payments just through a smart phone ,i mean all things, yes,its true,even in a Chinese small village, my parent grandparent and friends also use it well, i become a old man and now i return to Germany
Fischer Heisenberg hi old man,在德国读博么？哪个大学，怎么样，我也正准备申请Offer
Fischer Heisenberg 可能明年或者后年，也可能是去澳洲 给个建议哈
真他妈有你这种人，起个外国名还有名有姓的
哈哈哈，同胞好。
德语逗号后面不加空不用句点的吗？
so when do we start chipping ourselves? ten years? fifteen years?
Never.
What if something happens to the electric supply?
@Yuvraj Sharma from my understanding of this when people talk cashless they mean total electronic money. No bills. No coins.
@@podcastbard than you better have a backup generator and portable battery for every single person you need to do a transaction with but tbh there would probaly be worse problems like any medical equipment shutting down
I've been in china for 7 years and it's exactly like that. I don't use cash for anything anymore. ultimate convenience. However you might need to take a portable charger with you more often.
do they charge you the transfer fee for each transaction?
nope
Justin N no need any transfer fee.
Justin Modessa what happens when Wi-Fi is down?
+charger master still can pay using buyer‘s qrcode，it doesn't need network
Now India's cashless transactions are 5X times of China... And no other country even to compete when come to digital India. Truly remarkable policies of our current government.
no ,absolutely not
You say that like it's a good thing
Crazy...people really don't understand what's going on!
shun That Dude it’s the beast virtually
balerina rockarolla we’re in a transition face to the mark of the beast
The flowing cash could bring more chances to diffuse the corona virus.
London not really I personally dont like compines charging more because of fees and also pepole being able to hack into my bank account easier
RÉPONSE ANGLAIS NDRC UNDERTANDING :
WHO IS TALKING ?
- the anchorman/ presenter
-The journalist ben Tracy
-Two passers/by
-Andy Mok, an economist
WHERE ?
-In Beijing, China
WHEN ?
The video doesn't say but it was broadcast in 2017
WHAT?
- Smartphone/mobile payment which as become the main type of payment.
Merci mon gars
2. this video broadcast in 2017 on "CBS this morning" deal with mobile payement which has become ubiquitous
3. a-3
b-5
c-4
d-1
e-2
4. it's rare and weird. only the eldery and people who don't know how to use a phone pay cash
5. people can pay for clothes, food, bike ride, rent and utility bills using WeChat and alipay, the two main smartphone payment platforms
6. because most of Chinese people have never used a credit card. They went straight from cash to mobile phone payment, skipping the step in between. it only took three years
7. you simply scan a QR code to pay. you can pay at farmers market, a musician on the street or even a homeless person
8. Everyone uses it, from the largest cities, the fanciest hotels to the most humble streetside shacks
9. payments in the US are mainly made by cash or credit cards which means that china is much ahead of the US, which may have a little bit of caching up to do.
10. because they can't achieve anything without their smartphones
J'vais vous peps c pas possible!
The Beast system is near cashless is control
Cashless society is happening now
@Roland Roland it will most likely be centralized
@Roland Roland globalization keeps increasing. Look at the EU. I think the end goal is to have a centralized cashless society.
@@marvin60000 cashless sucks tough :,< they make compines pay a fee so stuff will just be even more expensive and also I'd rather not make it where if I lose my phone someone has my entire bank account when they get pass the password. It seems like it would be easier to hack into pepole accounts etc...
@@pongchannel. it’s awful
India also have its own QR payment system called UPI which is based on bank to bank transfer where you have to set a UPI pin and its instant and fast
wow, india is so advanced saaaarrrrr?!
Trade a gold and silver as a legal currency,it will save you in the future.
cashless society is not something that is good at all.
Si toi aussi t’es là pour le cours d’anglais tappe dans tes mains 👏🏻👏🏻
bha met les réponses
Bruh you pay escorts with your phone too??
Probably by scanning the qr code on her *****!!!
I’m sorry but this is coming from a country that has serious civilian monitoring programs in place. Not the best example.
Cards = monitoring, debt, lack of control
Cash = no monitoring, control present.
Very true
Is it true that we will be forced to accept a vaccine. ??????That the vaccine will not be liable for any damages caused and there will be no compensation plans in place? Has it been tested short term and long term?
Spend money that you own; it will prevent you end up in debt!
I love my cash 💸
Okay, boomer.
@@RD-ht6go naive sheep
Q:when was the last time you used cash?
A:one month ago.
"wo! that's a long time!"
me:4 years ago...(from Shenzhen)
What are you talking about? Americans use cash every day? Lots still don't have credit cards because they don't trust the credit companies or can't afford the interest rates..... Also not everyone is well to do like yourself..... There's still a humongous community of us that are still dirt poor.... This option is more for the successful ones..... But can burn them in the END!..... FOOD 4 THOUGHT..... Not everything that shines is gold.....
I'm not impressed. Cash is the only non-traceable form of currency. Once that's gone, there's no more privacy based on what you buy and sell.
your government knows who you are and can sell your personal data just like FB did etc so don't be ignorant
Is that such a big deal to brag? Americans have already done this 300 years before! Not even one person was using cash back then!
What if there is no battery in mobile and internet service collapse.
You can scan a QR code and get a portable power bank almost in any restaurant or train station. Regarding internet service collapse, that is something rarely happens.
I went to china in the summer of this year, and everyone, I mean everyone used their phone to pay. Even in smaller cities, this is because the internet almost never collapses, even in smaller cities.
lol
collapse rarely happens ... so it did ever happened?
@@valleyeverest616 Yes, on the peak of Mt. Everest. On some good days, you got 5 full bars of 4G signal on the top of the world. Meanwhile you got 0 signal in underground New York.
0:49 What about children? Do they still use paper money/banknotes? Because giving a smartphone at such a young age, like kids from 2 years old to under 15 years old sounds like a terrible idea. How smartphones could ruined them at such a young age.
It depends on how they use it
i dont really understand why there would be someone refuse to accepct mobil payment because the phone can run out of battery. But the point is, you can pay with you phone and that is an option you have, which really makes life easy. But that wont stop you from carrying cash in your pocket. you can still use your cash whenever and whereever you want. There isnt any conflict in between.
Soon cash will be illegal. The reason why elites are steering to cashless direction is because all the revolutions in history were sponsored by cash. As soon there's not cash, and every transaction is tradable, its ore gin, amount, destination, government has complete control.
They have mobile chargers everywhere
Patus Ampr well it is true and that you can't make payments if your phone is dead but like other people said they have charging stations all over and also in China it is very common to have much larger batteries. Down to the fact that there's some phones that you can get where the screen can be on for 24 hours before you have to even think about charging. All day battery is a standard there pretty much
While catching a flight back to Singapore, I noticed that there are *free* charging points in the airport in China.
For me, it is more important to get my phone charged then many things else. Let's put aside the mobile payment, everyone rely on their phones for social network. I mean, if your phone is out of battery you will find a way to charge it first anyway, with or without mobile payment.
I like cash :(
@2020vision come to India it is still a cash driven society
Cash is extremely dirty unfortunately
@@sextuplemillionsellersfan7961 so are debit cards and your phone screen
Same :,< dont like having to pay fees
All fun and games until your battery dies.
Muneer L idk why I’m even replying to a 2 year old comment but you can usually rent portable chargers in a convenient store with the QR and return it later even if it’s in another location like bicycles
" Let's find a dirty place and film ."
黄越飞 that’s what I thought. How did they find such unusual place in Beijing? I guess it’s not that easy. They just want to show their people China is still a dirty place.
Maybe they just wanted to show how widespread mobile payments are? Conspiracy theoretic thinking is attractive though.
Shut up, is totally normal in Beijing. As a Shenzhener I can confirm.
this should be the correct script
I think he use this place to show that even the dirtiest place can pay via phone.
i live in china and paying with cash is so weird even kids have we chat pay (i had mine since sixth grade)
1:20 The map of real China, yeah
haha
But I guess they corrected it at 1:23
没错，这还比较良心
没错
NO that's because that area is not a cashless society yet.
what if you lose your phone.... and someone else uses your phone to pay for things.... or if the whole system gets hacked....
if your phone get lost.. you can call wechat and stop your account...
concerning hacking... no one is safe..
you have money on your phone.. it can get hacked
you have money in your bank.. the bank can be hacked
you keep the money at home in cash... you can be robbed..
risks are everywhere!!
the same would happen to ur credit card as well.. there're thing you can do abt it...
Cash is better. Period.
Imagine all of them being hacked
0:32， wtf are you doing?
I live in Norway and I have lived over a year without cash.
i saw many questions about cashless payment below, i think some are hard to expand even i am Chinese, i think you guy have better take a travel to China to experience. it is the best way to eliminate your doubts. Those whose haven't try it before hardly imagine how it is like. It's just like many years ago people hardly imagine what online shopping is like
Yes China is truly amazing today. It has changed so much, it's more modern and safe than the United States where I am from. I wish i could move to China to be honest, but it's difficult attaining a job and work visa as a foreigner.
@@-Zevin- try to find jobs in Shanghai and Shenzhen, there are more opportunities for foreigners. As I know lots of foreigners work there for some companies focusing oversea market. If you are technican, it will be much easier
Am I the only one who uses Samsung Pay here in the states? It's also cashless and you just hold your phone up to the screen and it goes through
But it is hard to use it in small shop. If you're a shop owner and want to accept NFC payment in your shop. You have to get a NFC receiver and you're actually accepting credit card, so the bank may charge you for every transaction.
Now if you want to use QR Code payment like WeChat or Ailpay. All you have to do is setup an account by your phone. Find your own QR Code and print it out. Stick it somewhere near the cashier. Then people who buy things from you will just scan it to pay.
You can even save the money to maintain the equipment.
quick correction. samsung pay doesn't require NFC receiver but still requires a regular credit card receiver. QR is technically much simpler implementation...
More like brainless society
Ничего Себе sounds more innovative than your mind
Ничего Себе have you been to china?
3 days ago I used my Alipay in supermarket in Germany. just took 1 second to scan. so fast. better then pay by bankcard,which take 10-----20second for password and so on. if there are a few peoples in front of you.compare with in China that takes at least 2----10 minutes longer.
hope more and more shops and restaurants can accept Alipay or Wechat pay. or any mobile pay the same as them.
Alexcantonese Wilson Rossmann？
Jan Fischer yes.you can see on Alipay .
Unless you need to teach the old female cashier (no offense but with respect), how to charge with alipay. Yeah, under "Gutschein" category. Definitely Rossmann needs to pay me for the training.
Intellectually I don't mind if the Chinese government knows what I spend my money on, yet emotionally I feel that is something I don't want to be a part of.
Je regarde cette vidéo pour mon exercice d'anglais :)
Mdrrr bienvenu dans le club
On est là
Donnez les réponses il me faut un résumé
What a coincidence, every since this plandemic. There have been several articles about a cashless society here in America.
It Talks About Cashless Society In The Bible, Soon You Wont Be Able To Buy Or Sell Anything Without The COVID19 Vaccine Which Has Microchip or Satan's Number 666
Revelation 13:17 - And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Repent To Jesus.
This is a nice piece, but not indicative of the truth. I have lived in China as an Expat for nearly 8 years now. Cash is still plentiful. We use Wechat Pay and AliPay for convenience, but in no way is this a cashless society in the least. In the countryside outside of the large cities, cash still rules. Everyone in the cities takes virtually both without hesitation. If it is spendable, they take it. It is a solid capitalistic society. They scan your QR or you scan theirs. It's faster if they scan yours because then you don't have to type in numbers and authorizations.
Hope they have shielded their ecosystem for atmospheric EMPs.
it also do transfer money to individual or a group (one to one, or in wechat through 红包 with fun or donation).
Cash and credit card also ok, just not as convenient.
Jesus is coming soon repent while there is still time, this is the mark of the beast do not take it at any cost
I won't
Jesus is LORD777 it's not mark of the beast, trust me. read your bible again, carefully.
MASS SURVEILLANCE , DYSTOPIA HERE WE COME
Edward Snowden here we come..
They’re doing this so everything can be traced
You are already traced every where. Your bank fb cell Netflix all have your info. 😁😁
@@Trapset_Agent also your cashless acount can be frozen at any point in time. So say you're and activist and super anti-government, your cashless account can be frozen at any point in time. Literally....this new system will be a social credit system....
A H Chang you’re completely right. The bank in a cashless society can lock you out of your life savings, in the CS world you don’t own your money they do.
And Coronavirus was blamed for going cashless
Manny Singh MrSinghInvests well it’s part of it. Many shops are refusing cash now and asking people to pay via contactless where possible......🤷🏾♂️
Great for the government so they can keep track of their lil pawns, where they went, what they bought, when they did it.
As opposed to your phone which doesn't do that. Yawn.
do you use amazon ebay uber google or anything els like these?
@@PK-xu7gu Exactly, I don't use my phone to purchase anything.
@@finnwty No.
@@veewsol7078I do but barely but I recognize what a cashless society will do. Better to cash money from your credit/debit card and spend. Cash is the only non trackable form of payment
Yeah right , they control what you can buy and what you can’t buy. All about control
no credit card? credit card is popular in China, the reason use mobile payments is convenience, no need taking ur cards and wallet out
You can get 3%-5% cash back when using credit card like in US? If so, I doubt ppl will prefer mobile payment.
What if your phone breaks
Don't know why My cousins always carry 2 phones . . . . . .
Imagine watching this in 2020 and in US really cashless trend happening.
Imagine if electronics went out. Nice way to start mass chaos.
Oh that's strange cuz Alipay hasn't ever been hacked so far.
Ikr imagine there's a blackout 😱😱😱
UPI QR & UPI@POS are one of the best payments options in India 👍🙏
What if phone's battery dies out?
To be honest, thats the last thing I will worry about. Every convenience store, restaurant, shopping mall etc has a mobile phone charger for you.
then you can use cash. Cash is not banned!!!
you are dumb , think you of self
As a chinese I really don't know when last time I saw the cash.
Cash is not going away anytime soon in the US, especially in NYC. Too many businesses depend on the exchange of US Dollars to under-report their earnings (e.g. Katz's Deli, Artichoke Pizza)
i just want to know how you guys deal with those coins...that's horrible
Yep. We even still have the "penny".
Edward Maxwell the fact that pennies are still in circulation and new ones still being minted is act of evil toward the US economy and taxpayers. Seriously, the Treasury is losing money by making them and they serve no purpose other than sentimental value and feeding the coin machines in front of supermarkets
If I lose my phone after I leave home, what do I do?
Now I wonder why this turned up in my recommend videos all of a sudden?
Jamie Maragenie youtube tryna tell us something
I use my Android app to make most purchases. I would use it everywhere, but here in the North East U.S, most gas stations (at the pump), restaurants, won't accept mobile pay. It would be really great if i can use it everywhere. I am not concerned about anybody tracking me. We are all already being tracked by several agencies and/or companies...
true , what do you expect when you have a phone that's connected to internet , you think you'll get away with being tracked if you don't use mobile pay ? No, as long as you are connected to internet, they know where you are
This is the type of thinking that leads to totalitarianism. Yeah they already track us so what’s the point? The point is that they will always take it a once step further to control and dominate your life. Once you give them an inch they’ll take an entire mile.
Guys. VPN have u herd of them
what wilful wage slavery looks like ...
What about people like my grandparents who do not use smart phones, no internet, and only use ca sh??
My little brother has a kind of smart-watch designed for both children and old people which links to other members alipay account. Just open the payment QR code with fingerprint and show it to cashier then the transaction complete.
Not only in China, three months ago i can use alipay and wechat pay in Japan too
Seems more complicated to me than using money. I dont trust digital systems to work right either
It gives drug dealers a headache!
And prostitutes too
Except you can't register for a we chat or ali pay account without a chinese bank account.
We didn't skip credits card!!!!!!!!!. I have been using credit cards for 15 years. And the mobile payment account is usually tethered with your credit or debit card account. That means I am still using my credit card while paying with phone.
It’s the same thing. Credit cards still track you the same way.
Nice! 😀 Finally I can buy that Free Tibet tee-shirt with my mobile phone. 😉
Congratulations, finally you came out of your little world and start to eat our dust.
No wonder western countries falling like this, ignorant citizens, LOL
Same here in India too!
India has a long way to go.
India has been falling down under Congress for a while but don't worry under Modi hands India will catch up to in future
Komekko こめっこ hai.arigato gozaimasu.
Nutan Pavan lol no
Why use money, share resources.
What type of mindset would need to create that?
First using the paper money, and first abandon the paper money
Credit Card company donate enough campaign contribution to make mobile pay in the US nearly impossible.
William Chao
omg. Banks have it and many other companies also but with all the hacking no one trusts that system. We learn from mistakes from others to not repeat them.
William Chao nearly every is impossible in us because of these big companies and corporations influence in DC
in somalia mobile payment is a part of daily life
Is there processing fee using qr scan? . I ask because bitcoin use Qr scan .
Kev Ngu As far as I know there is no such fee.
Waaaw china people are genious
It's peanuts !
What the rest of the world apparently never learned from the USA. CASH IS KING
It’s the beginning of the end. We had a good run America! Turn to Lord Jesus he will save you
What will Jesus do?
@@armstrong2450 save us from China
@@arishemghoul9571 last time he didn't come to save Arminians from the Turks.
Why does using mobile for payment considered more superior? This video is essential advocating on switching payment modes, and that all other methods of payment are inferior... talking about how the US are lagging behind when ultimately it doesn't matter either way; credit cards and mobile payment, even cash, are nothing more than mere different methods of paying.
I'd argue that it's also centralized and prone to massive breakdown and hacking. Whereas cash is naturally decentralized thus more versatile.
Still u cant beat Indias digital payment noobs 😂😂😂😂
Not a flex
@@skeiz3497 heh then y the Chinese flex bro 💀
Bro got jeolous 🤭
Cash is still king
For now
No it sucks. I don't want to carry wallets anymore
@Nondescript you need to understand the cost of using the money apps. It's on marketing. And these transactions are recorded so they help to eradicate corruption. If we rejected convince we would still do barter trade.
👍🏽
What happens if you didn't took Your wallet and mid way mobile battery runs out ??
Charging！！In fact, these are not big problems in real life.
Yeah charging a mobile phone rly isn't a big issue here if you only hang out in the city. And if you plan to go to rural parts of China, a travel battery seems to be a must-have.
In some cities like Changsha in subway stations you can charge your phone for free
Just go to a restaurant, while you are having lunch or dinner, they have free power pack to charge your phone, most restaurant in large cities have these free power packs for eat in customers.
Lots of people carry power banks.
you all say we skiped credit card , but did you know if you don't have a card ,you can't opening a payment account on alipay or wechatpay. So each mobile payment user has a credit card .
That's not true. You can have a debit card and everything will be just fine.
It’s only getting worse... the mark of the beast...
Be ready for Mark of the beast
Get ready for the rapture!!!
the credit card is also very popular in China...
credit card is 屌丝's favorite, they thin k it's fashion, however, seldom people have fine taste use it.
+XG C (papa C) 屌丝 你拿了黑卡再说。btw，有黑卡申请日本签证可以拿5年无限次往返，你有不？
@XG C
扯你妈蛋呢………………
支付宝微信绑信用卡刷还有积分，可能高端人士都喜欢用花呗吧
我就是支付宝微信绑的信用卡呢，积分多多
And what if the payment fails and the client has no money with them? Will they vomit their dinner to give it back to the restaurant owner?
Cant deal with the ignorance. Go find a video about how Chinese think about the US then think again which gov is more mind controlling.
Let's track thier every movement
i track down you boy lol , you stay in jail..
No internet..no cash!
You probably haven't heard about how people in Zimbabwe make there payments through their phones . Just google that out . It's even faster.
WELL ITS 2021, THANK GOD CASH IS STILL IN USE.
This would definitely help countries that have a counterfeiting issue, although it makes me wonder how they'll deal with some hackers. If its electronic and connected to the network it'll always be vulnerable.
block chain.
Never happened in china , dumb
It requires a pin or a fingerprint. That's how.
There has been no cash in China for seven years, and nothing like what you said has happened. You underestimate China Mobile Pay.
@@wangjinying-ilovetang False. 1) Cash still exists in China. 2) I don't underestimate China Mobile Pay, I'm skeptical of the security of all e-payment platforms.
China isn't cashless. I was there a few months ago and paid cash for many things. The government wants cash to be accepted also. The Peoples Bank Of China said cash should be accepted alongside the debit card at all business outlets, with the exception of e-commerce and unstaffed stores. Businesses have to make necessary adjustments to avoid being investigated for breaches by the authorities. They aren't getting rid of the RMB.
Well you are right, but it's also true that you can live there and never use cash at all. It's a option, but it's so convenient most Chinese people these days, especially young people, never use cash at all.
So that the Government can know when, where and what you are using your money on.
DON'T ASK QUESTIONS, JUST CONSUME PRODUCT AND THEN GET EXCITED FOR NEXT PRODUCT
from cash to cashless is pretty easy when u don't waste time testing the system for possible dangers and exploitations before implementation. China plays fast and loose with a lot of things and not just money. 90% of their exported products are sub standard garbage due to poor product quality regulation. they still make a profit in poor countries where merchants with no ethics sell that trash at prices only slightly lower then properly controlled quality products making obscene profits in the process. but people still buy them to save a little money. cashless economy was first implemented in Singapore and Taiwan who had time to iron out the kinks. but China jumping the gun only means it will be a rough road for them with a lot of CCP cover-ups of fatal mistakes.
sol666 wechat and alibaba pay arent made or produced by the government they are their own companies
1984 seems to have met China early lol.
BlazinNSoul meanwhile I'm reading the book damm
Welcome to The Brave New World, Americans.
Yes and the USA is racing to catch up. They beat us to surveillance, now we have cameras watching our every move. Now they have gone cashless and can exert TOTAL control over the money system and we are racing to do the same. Use cash. Refuse to shop any place that won't allow you to do so!
I barely look at my phone these days let alone pay with it
I guess i will have to force myself to do it
Who knew XD
It's coming to the Philippines as well. The smallest stores can facilitate cashless payments.
In this clip they forgot to mention one key element. Cashless revolution was possible because smartphones are really cheap in China,so pretty much everyone can afford one. Previous is not possible everywhere.