Will we be a cashless society soon and why?

Will we be a cashless society soon and why?

There is a war on cash by all Governments. Why is the question. Cash is the last form of true privacy. I you walk into a store and purchase a pack of cigarettes there is no way any one knows you bought them. You use a credit or debit card everyone knows what you bought.

Many countries have outlawed certain purchases in cash over a certain value. Many countries have removed certain denominations of their currency stating only criminals would be using it. Europe to Remove 500-Euro Bill, the ‘Bin Laden’ Bank Note Criminals Love

Payments for labor services are almost non existent now and that makes it easier for Governments to collect income taxes.

Bottom line a cashless society works in the favor of those who want to control your life. This has led to the rise in value of crytocurrencies such as Bitcoin.