ANSWERS: 7
  • If you mean by "cashless" that nobody would need to carry cash on his pockets, the answer is definitely a yes. Is true also that the US is most likely the first country to reach this achievement, but in the long long run all the world will function without cash. Even today a big percentage of transactions on a daily basis are generated in a cashless fashion, if you take in count the credit and debit card usage, as well as the electronic transactions for commercial matters, not to mention the increased popularity of online buying. Places like E-Cash and Virtual Money among others are starting to have a real success, and people is incrementally using direct automatic payment option for their bills, or they use checks for the mailings. You don't even need cash to go thru the Toll Plaza if you buy a sticker that is read by the station scanner. In fact according to the most recent studies, what stops this evolution to the next level is the lack of electronic payment alternatives for day-to-day buyings like vending machines, newspaper stands and drive-thru fast foods among many others. Another downer is the big percentage of Americans older than 50 years that are still sticked to the old way. This is all connected with the lack of the famous "E-Wallet" which works touchless and with ergonomic approval (fingerprints or retinal), which will let you for instance buy your newspaper only putting your E-Wallet on the reach of the payment-area on the kiosk or newstand. For this, wireless technologies and security encryption via models as Bluetooth still need to be tested and improved a little more, but all the bases are founded many years ago. So it is a matter of time, but most futurologists and techno-sociologists like Bill Gates and Nicholas Negroponte agree that in the next 10 years range, there will be more changes than in the last 50 years (and the last 50 years were not exactly quiet). This is in part cause the older generation will be replaced by the beta-generation (us), but the real thing would be when the alpha generation (born in the 80s or more) take the lead.
  • The US will not become a cashless society for as long as we value our right to privacy. I think that most Americans would not want every transaction that they make to be electronically recorded. Even though we use credit and debit cards for more transactions than ever, I still believe that in a free society we enjoy having the option of paying cash. Cash is so much a part of our culture and has been always a part of human societies for thousands of years. Having $10,000 in your bank account is not quite the same thing as having the money on your desk in front of you. Having money in your hand has more impact and has more credibility when it comes to informal transactions than some sort of "credit" system. Plus I dont think that it would sit right with the majority of the general public if every single penny spent was recorded and/or tracked electronically in some sort of database. For as long as we have some of the social ills in our society like poverty, organized crime, illegal drugs, etc. there will always be a need for cash. If it ever came to the point where there was legislation to start phasing out coins and bills from our monetary system there will be opposition from corporations and special interest groups that profit on these problems in society.
  • at the rate your economy is dropping, I would say yes. You are going to end up exchanging favors.
  • In a few years money won't matter since everyone will be functioning as federal slaves to pay off the massive crushing debt created by the present administration that thinks nothing of spending 2.7 trillion in the first 3 weeks of their administration! Imagine what they will attempt to do over the next four years!!!!!
  • oh why having too much fear.many country r living in just 300 usd and ur 43500usd. Country GDP Per Capita ($) Democratic Republic of Congo 300 Zimbabwe 500 Liberia 500 Guinea-Bissau 600 Somalia 600 Comoros 600 Solomon Islands 600 Niger 700 Ethiopia 700 Central African Republic 700 Rank Country GDP - per capita 1 Luxembourg $ 68,800 2 Equatorial Guinea $ 50,200 3 United Arab Emirates $ 49,700 4 Norway $ 47,800 5 Ireland $ 43,600 6 United States $ 43,500 7 Andorra $ 38,800 8 Iceland $ 38,100 9 Denmark $ 37,000 10 Austria $ 35,500
  • YES! Isaiah 65:21 mentions "They will build houses and live in them, And they will plant vineyards and eat their fruitage." This is a profecy that is describing how this entire world will be in the future. We will have no need to buy a house because we will all be intellectually and physically capable of building our own homes. There will be no need to go to buy groceries because we will plant and harvest all our necessities and those of our families. More information about this profecy and many others can be found at jw.org.
  • The entire world is moving in that direction, primarily by retiring large denominations of paper money and banning large cash transactions. http://www.gold-eagle.com/article/alternative-fact-cashless-society

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