Forbes: You’ll find few people in the world of payments who disagree with the idea that we are moving unstoppably towards a cashless society. Across markets and locations, evidence suggests that this trend is occurring with increased speed.
This is hardly surprising given the advantages that a cashless society brings, not only to a consumer wanting to make fast payments at anytime from anywhere, but also for governments and regulators who want to eradicate criminal and illicit activity.
However, while I certainly believe that going cashless is a good thing, I do hold some reservations about which path we take to get there.
In fact, a better vision of a cashless society should be built around people’s funded decentralized digital identities . This could be used in apps and across devices, such as phones, watches, fitness devices and smart rings. In this way, consumers could verify all their transactions through their existing phone, which already has biometric verification, rather than being restricted to a single plastic card that can be cloned or stolen. more …
Opinion: The world is quickly getting ready for a massive change in how it transacts business. Cash and even credit cards are giving way to embedded microchips and wearable technology.
There is no other generation that had the ability to control commerce but this generation:
“He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name” (Revelation 13:16-17).
There is no other generation that was witness to the budding of the fig tree (Israel 1948) but this generation:
“Assuredly, I say to you, this generation will by no means pass away till all these things take place” (Matthew 24:34).
There is no other generation that is as Biblically clueless as this generation:
“knowing this first: that scoffers will come in the last days, walking according to their own lusts, and saying, “Where is the promise of His coming? For since the fathers fell asleep, all things continue as they were from the beginning of creation.” 2 Peter 3:3-4
Thanks to Vason for sending this article in.