this post was submitted on 21 Jun 2023
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[–] DeltaTangoLima@aussie.zone 10 points 1 year ago (2 children)

I hate where this is going, but accept that it is inevitable. As much as I value my privacy, I've well and truly fallen into the trap of using tap and pay with my phone. I don't think I've carried cash in any meaningful quantity for years now.

[–] palitu@lemmy.perthchat.org 4 points 1 year ago (1 children)

im in the same boat. it is so much easier.

Maybe it could be nationalised though, in the same way that currency is nationalised. That way the costs of managing it could be part of our way of life, not by a specific bank, or that datra being sold to various thrid parties.

[–] DeltaTangoLima@aussie.zone 5 points 1 year ago

That's not a bad idea. At the very least, let's take it back out of the hands of big tech. They can't be trusted.

[–] jaidyn999@lemm.ee -2 points 1 year ago (1 children)

Its not the article is more garbage from the ABC.

The amount of cash in the economy is higher than ever before.