Futurology @futurology.today voidx @futurology.today 3mo ago

Switzerland moves towards cashless future with instant payments

www.france24.com Switzerland moves towards cashless future with instant payments

Switzerland's new instant payment system will bolster the future of cashless payments in the country, the Swiss central bank said Wednesday after the scheme went live.

18 comments

wow, so futuristic! but which part of i put cash from my hand int yours is not instant enough?
- The part where they can't stalk you and steal your data
- idk about you but i don’t carry around $10,000 cash… i do however carry around my phone, which (assuming someone has that) has access to transfer that, and more
  
  Who said you need to? Do you spend $10,000 every day?
  
  man if only some kind of "technology" existed to securely hand over big amounts of money, like maybe the cash could be "stored" somewhere, like in a "database" of some sorts, and we could then use some kind of "unique identifiers" and make like "transfers" in cases where the needed cash amount is so big that carrying it around makes us feel uncomfortable 🤔
- The part where they say $x and you need to count it from you wallet, and then they need to recount. Possibly provide chance, oh no i am out of chance let me check with a colleague.
  
  But i absolutely hate how cash is dissapearing because its has additional used in familiar settings.
  
  Am i really supposed to give me child their allowance on a card? That means they need a phone with an app to check balance aswell. That wont be good for financial literacy for sure.
  
  When i visit my grandparents they often gave me some loose change so i could start “saving”
  
  They where not going to do the effort of opening some Corporate software to transfer 50c
- @birdcat @voidx When I want to buy 10 currency unit thing and I have only folds of 100 or 50 units. And shopkeeper also do not have lower folds. Also when amount is big.
There are some frightening situations that are impacted by not having cash in a society. I don't think of them all because they are largely to do with vulnerable and less privaledged people, but one that stuck with me was someone in an abusive relationship would benefit from being able to save cash for the moment they are able to escape. I suppose buying nasty sex shit is another.
Fuck the cashless future! We need a phoneless future for fucks sake!

18 comments