Are they bluntly phasing out cash now?

[jafo]

Someone sent me this:

I started researching and found this: Why Governments Seek to Eliminate Cash
😳 😳 😳 😳 😳

Like WTF???!!! 🙄

 

[aniglo22]

That's normal for systems‍ which measure creditworthiness . It's the same in the us with credit score or anywhere⁠ else with a credit score .

But yeah it's just a matter of time when⁤ cash is phased out in most places.

 

[JackAlabama]

lenders understand your monthly‍ costs even with cash withdrawals 😉 they just cant data mine you.

 

[jafo]

rof/% smi(&% I wonder what they think will happen if they come‍ out and are honest like this. 🙄
What are they afraid of, or are they just⁠ incapable of being forthright? 🙄

 

[0xDEADBEEF]

Dystopia has been slowly‍ creeping up on us...

 

[lavel]

Always have cash laying somewhere for easy access.

 

[Steve3000]

I would love to‍ know where this is from. I use cash about 50% of the time because of⁠ privacy concerns. I don't like so much personal info being on a cloud somewhere. People⁤ who use store loyalty cards provide even more information. If they want this sort of⁣ info from me, then they can ask for an appointment to discuss my fees for⁢ providing it!!! PS This 'credit score' bulls**t is being used for all sorts of intrusions︀ into privacy. Since the financial crisis, I am more concerned about THEIR credit score!