Public
- Public
- Network
- Groups
- Featured
- Popular
- People

Conversation

Notices

Embed this notice
Minoru Saba (minorusaba@toad.social)'s status on Sunday, 21-Jul-2024 06:36:28 JST Minoru Saba

"...chaos caused by the global IT outage last week underlines the risk of moving towards a cashless society"
https://www.theguardian.com/technology/article/2024/jul/20/cash-global-it-outage-cashless-society-dangers-payment-choice-alliance
🔸Japan's govt acknowledged importance of cash in a nation prone to natural disasters when introducing new banknote designs, but:
"...exposure to Chinese cashless payment options has caused a sense of crisis in #Japan and a fear that the Japanese economy is falling behind"
https://eastasiaforum.org/2019/11/12/challenges-facing-a-cashless-japan/
🔸Doesn't completely explain the govt's push towards cashless society
In conversation about 4 months ago from toad.social permalink
Attachments
1. Domain not in remote thumbnail source whitelist: i.guim.co.uk
  
  Global IT outage shows dangers of cashless society, campaigners say
  
  from https://www.theguardian.com/profile/james-tapper
  
  Cash provides essential fallback when digital payments break down, Payment Choice Alliance points out
2. Domain not in remote thumbnail source whitelist: eastasiaforum.org
  
  Challenges facing a cashless Japan
  
  from https://eastasiaforum.org/wp-content/themes/carbonate/humans.txt
  
  Driven by a fear of falling behind, cashless payment has become key to reviving Japan’s reputation as a technology leader.

Feeds