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The View from Europe: The cashless society – By David Jessop

The View from Europe: The cashless society
By David Jessop -Published on March 5, 2016

If you read the Financial Times, the Wall Street Journal, the Washington Post or some of the world’s other heavyweight newspapers, you may have seen in recent months, articles discussing the abolition of currency.

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David Jessop

However, little if anything has been said about the negative consequences this startling possibility could have for all developing economies or the myriad small enterprises and individuals that live in them and who provide services of all kinds for cash.
A cashless society is an idea that has increasing support among senior figures in international financial institutions, central bankers, security agencies, and many of the governments in the world’s wealthiest nations.
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