The enthusiasm for the cashless society overlooks the effect of privatised currencies on the state.

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Obviously, the cashless society people do not want this because full transaction traceability is the unstated motivation behind eliminating cash.

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The futuristic cashless society is marketed as being ultra-modern and at the forefront of technology.

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The limits are incrementally lowered and lowered until one day, people wake up and realize that only fully traceable transactions are permitted in the new cashless society.

FORBES: France Plans To Prohibit Cash Payments Over ��1,000

Tayo recently granted me an interview during which he talked about the idea behind his company, the benefits of a cashless society, the Nigerian opportunity, and reiterated his mission to transform lives by delivering innovative and universal access to financial services to Nigerians.

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There is no stopping the evolution to a cashless society.

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Does this represent the next step toward a cashless society?

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In an eerie glimpse of what a cashless society enables, the government of Argentina has taken the drastic step of mandating banks to report every credit card purchase to the tax authorities, AFIP.

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