E Banks Close In Rural Areas As World Cashlessness Advances

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Disclosure: I am not an investment counselor nor am I an attorney so my views are not to be considered investment advice.

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Hugh Allen 5 years ago Member's comment

What the author doesn't mention at all is the impact on privacy. Our cell 'phones already let Big Data know all about our movements and interests. When all cash transactions are eliminated in favor of cashlessness, there will be no privacy in our financial lives as well and very little control over who has access to that information. It's a really vile prospect and the only beneficiaries will be the owners of the database.

Cynthia Decker 5 years ago Member's comment

Yes, this is a huge issue, one which I think will take center stage in the near future.

Gary Anderson 5 years ago Author's comment

Oh yes, Hugh, there are so many issues. That is a big one. The issues are endless and as we think of more I hope to write about them. Thanks.

Sigmund Fraud 5 years ago Member's comment

Keep writing.

Gary Anderson 5 years ago Author's comment

Thank you, sir.