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  • Visualizing The Global War On Cash There is a global push by lawmakers to eliminate the use of physical cash around the world. This movement is often referred to as “The War on Cash”, and there are three major players involved: 1. The Initiators Who? Governments, central banks.   Why? The elimination of cash will make it easier to track all types of transactions – including those made by criminals.   2. The Enemy Who? Criminals, terrorists   Why? Large denominations of bank notes make illegal transactions easier to perform, and increase anonymity.   3. The Crossfire Who? Citizens   Why? The coercive elimination of physical cash will have potential repercussions on the economy and social liberties.   Courtesy of: The Money Project   Is Cash Still King? Cash has always been king – but starting in the late 1990s, the convenience of new technologies have helped make non-cash transactions to become more viable: Online banking Smartphones Payment technologies Encryption By 2015, there were 426 billion cashless transactions worldwide – a 50% increase from five years before. And today, there are multiple ways to pay digitally, including: Online banking (Visa, Mastercard, Interac) Smartphones (Apple Pay) Intermediaries ( ... ”Continue->”

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