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Tag: Cashless Society

They Will Do Anything to Avoid Returning to Cash

Switzerland is developing a nationwide system that will allow consumers to make card payments even when internet and telecommunications networks are unavailable....

Europe’s Digital Euro Is Coming in 2029

The European Central Bank is moving ahead with the digital euro and expects to begin a 12-month pilot during the second half of 2027. Thirty-six banks and payment...

The CBDC Ban Expires with the Economic Confidence Model in 2030

The United States has become the first nation to prohibit its central bank from creating a central bank digital currency, but Congress quietly placed an expiration...

CBDCs Controlling the Debt Market

India is preparing to launch its first tokenized corporate bond in September, and this experiment exposes where the digital monetary system is ultimately heading....

Digital Currency and the End of Financial Privacy

The push toward digital currency is being framed as innovation and efficiency, but when you strip away the marketing language, what is unfolding is a structural...

Bank Branches are the Latest Creative Destruction Casualty

Over 8,000 bank branches are expected to close worldwide in 2025. Approximately 3,200 of those closures will take place in the United States. Q1 experienced 148 net...

Cash Accepted Here – Payment Choice Act

Senators Kevin Cramer (R-ND) and John Fetterman (D-PA) have introduced bipartisan legislation, the Payment Choice Act, which would require businesses to accept cash...

CBDC Anti-Surveillance State Act and the CLARITY Act

I just signed the landmark legislation passed today by House Republicans to strengthen American crypto innovation. The CLARITY Act, GENIUS Act, and Anti-CBDC...

Nordic Countries Lead Cashless Revolution

Nordic nations have been leading the cashless society revolution. Masked as a manner of efficiency, digital transactions are not demanded by governments globally as...

Spain Limits Cash Withdrawals

  Withdrawing large sums in cash is no longer possible in Spain without the government’s approval. Those withdrawing €3,000 or more must notify Spain’s...