Privacy

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A place to discuss privacy and freedom in the digital world.

Privacy has become a very important issue in modern society, with companies and governments constantly abusing their power, more and more people are waking up to the importance of digital privacy.

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If and how much longer until they take cash and browser-based banking from us? (lemmy.ml)

submitted 6 days ago* (last edited 6 days ago) by monovergent@lemmy.ml to c/privacy@lemmy.ml

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I've been mindful of the ways companies can track my spending habits, and so have been increasingly keen on using cash and avoiding mobile banking/payment apps like the plague. I realize that this varies by country and might be a bit far out, but the thought does linger in the back of my mind. If current trends continue, how much longer until they take cash and browser-based banking from us? Or will there be a reason those options should continue to exist (and be easily usable) far into the future? And perhaps:

What else can I, as an individual, do about this?
Is there a tendency for larger banks or smaller credit unions to push towards mobile-only online banking?
What does it look like in countries where cashless and mobile payments are the norm?

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[–] SomeAmateur@sh.itjust.works 8 points 5 days ago* (last edited 5 days ago) (2 children)

Well yeah you don't need currency when value is based on physical stuff Catan style. I make brick, I trade for milk.

But when you have a trade that doesn't make physical goods or doesn't involve the stuff you have to offer you'll need a do-good coupon that everyone agrees to represent value.

[–] Triasha@lemmy.world 2 points 5 days ago

Economies that worked without cash still had debt.

Debt and obligation do not require money, but they do require people that will give you the things you need in exchange for "I'll owe you one."

[–] UltraGiGaGigantic@lemmy.ml 1 points 4 days ago

Tally Stick