I have only one credit card and I always pay cash even when I go abroad for 5 winter month and I choose the best exchange rate . I had to pay 32 $ CDN to A/C for the luggage in Mex. but the bill in Toronto came to 35 $ , 3 $ to the bank for service? North America lives already on borrow money and borrowed time do we need another castle of cards?

I have one credit card and I use it only to pay airline tickets , when I go away 5 month in the winter I bring cash, I get better exchange rate and sometimes 3% discount ( that's what banks charge the stores ). and I control my spending. What about inflation? We create money out of thin air with cryptocurrencies and using the credit card we increase the money supply. How much is it warth what? 2000 years ago the Chinese abandoned paper currency and went back to coins that at least have an intrinsic value.

Excellent, thanks for posting. One aspect of the issue worth thinking about is the rise of crypto-currencies. The current generation may end badly, as it already has for the late-stage crowd followers, but alternative currency is an idea that will not go away. Digital currency is a logical end point from stones to shells to gold/silver to fiat/paper money. The pieces of paper in our wallets have value because governments say they do, and everybody accepts it. Digits in the cloud are no different.

Electronic payments are controlled by super rich corporations, the costs are tiny but their percentages a huge, every time you pay with a card you effectively pay a tax to the super rich capitalists fat cats. It is one of the biggest contributions to the growing rich poor divide there is.

my drug dealer is never going to be happy with eftpos

Without cash fraud is very possible

I like having cash and cards. I like options.

The government would love to stop the cash economy...I pay all tips in cash and pay for most services in cash, especially in lower paying jobs...

No no NO! It would be too hard to bribe someone if you couldn't slide them a sly 50

I have the same concerns you do. It will also further marginalize those at the bottom of the socioeconomic ladder. I'm already having trouble managing many transactions without owning a smart phone--something I would not be interested in owning even if I could afford one, which I certainly cannot.

its irrelevent the world is going cashless and we will have computer chips implanted in our hands so we are constantly watched. don't ever think the governments and rich give a flying fuck about anything but themselves. they just need us too conform so they bullshit us.