New technologies mean it has never been easier to avoid having to use cash, and the transition to a ‘cashless economy’ presents interesting opportunities – for individuals, businesses and the government. But parts of the press have decried the thought of cash vanishing from daily life, and in certain places around the world, attempts to slow the move away from cash are gaining traction.
In Cashing Out, Fred de Fossard looks at the rise of cashless commerce, argues that politicians should embrace the phenomenon, and recommends efforts to enable going cashless would be a better way to allay any existing fears around a cashless economy.