I consider cash to be an indispensable backup system. What do you if a natural disaster or a crisis of some kind hits and electronic payment systems stop working? Or what if you've come to rely on mobile pay systems and then your phone battery runs out? What are you going to do? I also dislike the complete lack of financial privacy that comes with having only electronic means of payment available. I would never touch any of the mobile payment systems offered by banks. Cash is king. I've never felt unsafe carrying the kind of small amounts of cash that I usually carry with me. I think we're under enough surveillance already.
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View this answer on Musing.io
I consider cash to be an indispensable backup system. What do you if a natural disaster or a crisis of some kind hits and electronic payment systems stop working? Or what if you've come to rely on mobile pay systems and then your phone battery runs out? What are you going to do? I also dislike the complete lack of financial privacy that comes with having only electronic means of payment available. I would never touch any of the mobile payment systems offered by banks. Cash is king. I've never felt unsafe carrying the kind of small amounts of cash that I usually carry with me. I think we're under enough surveillance already.
View this answer on Musing.io