Cashless Society
A cashless society is a society without ____?
Cash
Is it likely that cash will be phased out in the near future?
Bitcoin
Who would have the most difficulty transitioning to a cashless society?
Elderly people and people with disabilities
Shoppers spend up to __ times as much when using credit card vs cash
4 times
Security
The main benefits of a cashless society are no _____ and more _______.
No cash processing fees and more security
What percentage of people prefer to pay with card over cash?
81%
Digital currencies could help prevent _______.
Illegal activity (drug deals, money laundering, etc.)
In a cashless society, the government would be able to conduct _______ and restrict______.
Conduct mass surveillance and restrict spending
What percentage of nationwide retail sales dollars are from credit card transactions?
63%
free
free
The countries that are high on the list of the most cashless countries are _______, ________, and _______
Norway, Sweden, and Denmark
People argue that cash is still important because it helps them _________?
Keep a budget
Banks are offering digital currencies as another ________ until ________.
Another payment option until cash starts to fade out