Or shell try and finalize an agreement on the u. K. The from the European Union speaking to follow up shortly before she warns lawmakers that rejecting the deal with only. Paying without cash is fast becoming the norm. I pay even tiny amounts with my card its just easier and its becoming easier and easier. Will cash soon be a thing of the past. When i think about it i paid more without cash and with. We cannot you have. More. Around the world financial corporations politicians and leading economists are working to do away with. I see a future where you will be able to hold digital euro digital dollars to rock where you at the soundtrack. Who stands to profit from
a World Without money and who will be the losers. Without suzanna many people would have problems getting their hands on money here in the socalled swabian alps a rural part of south west germany she drives out to villages that no longer have a bank or cash machine to dump typo in when i started my training at the bank was sti
to speak that they re for your company you know by the way you can still pay. but if cash is not there and we experience some kind of disturbance in the electronic payment systems how do we pay them how can we get food few and these kind of things that we need in our daily life. there is still many questions surrounding the whole idea of a cashless society as one of the guardians of swedish financial stability the central bank brics bank is busy weighing up its options the rig s bank should possibly issue a digital means of payment like a digital currency and we call it the. this is something that would be completely new for a central bank to do when there s no one that we can really watch on loan from so we have to do all of the footwork by ourselves we are just investigating yet to learn more about that option so how would it digital currency issued by
day to day transactions. in a world without cash customers could no longer withdraw their money from the bank because it would only exist in electronic form if the bank were to fail customers could well lose their wealth. cashless society is the sense to be a euphemism for saying a commercial bank payments society a private commercial bank payment society that s what cash to society means. so who would benefit most from a cashless society that s what the students at zeke and university want to know. today they re listening to norbert herring he s a business journalist who spent years studying the move to do away with cash. so it has extreme force if you think of an extreme case where every time you pay
just the way things are moving somehow. william you know we live in europe where we have strict data protection laws so i tend to just be trusting and take the easy way out and i m for that aspect there s also this aspect that everyone does it so if you think it can t be that bad if it s a widespread i think that s a key aspect aspect right now germany is still very much a society that likes cash but the example from sweden shows how quickly things can change this isn t the most forgotten idea it s an issue for two reasons firstly because in many cases you have no choice which takes some getting used to for people of my age but secondly it raises concern because we re losing an element of freedom here we re allowing ourselves to be monitored. at the university canteen students have always paid for their meals in cash first they purchase of power then they collect their food. but here too things are changing.
internet companies like alibaba and ten cent already analyze their customers shopping habits and share the data with the state. those who adhered to the government s way of thinking may get a better credit rating for example or a cheaper apartment and those who don t cooperate get punished. the aim is for total state control. and in a cashless society that could become a reality. are you seeing this issue within the broader frame of digital technology more generally which is trying to monitor more and more things and bring more and more things that previously weren t monitored within the realm of formal monitoring . and of course that s always framed as being you know it s going to help you know people to get more services and so on but of course on the other hand it s a new form of control. could previously soon be