The words “cashless society” are deployed regularly in the media to generate immediate interest (and clicks). It’s so interesting to so many people because the Cashless Society is a trope, a theme, a prediction dating back thousands of years sparking both fear and excitement. What does the bible say about a cashless society? In the christian bible, (Revelation 13) the
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Westpac has announced a moratorium on further regional bank branch closures until 2027. Westpac’s Jason Yetton has posted a YouTube video where he highlights the importance of face-to-face service, cash and bank branches to towns and rural communities. Which is kinda weird because Westpac has closed at least 195 branches outside the capital cities in recent years. “When I talk to
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Bank customers who seek to withdraw large amounts of physical cash from a bank teller as increasingly being questioned about the reason for the withdrawal. There are plenty of viral videos on social media of people trying to withdraw their own money from their own account and being asked for more information by bank staff. I strongly don’t like arguing
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New research shows 71 per cent of Australians are concerned about going completely cashless – especially Baby Boomers, regional and lower-income Australians. “Research by payments technology company Waave found 41 per cent of Australians are “extremely concerned” about going cashless. Two-thirds say it will exclude people and exacerbate economic inequality, 58 per cent worry about paying more fees, and 42
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