{"id":14709,"date":"2015-11-24T07:19:23","date_gmt":"2015-11-24T12:19:23","guid":{"rendered":"http:\/\/olduvai.ca\/?p=14709"},"modified":"2015-11-24T07:19:23","modified_gmt":"2015-11-24T12:19:23","slug":"who-exactly-is-trying-to-kill-off-cash","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=14709","title":{"rendered":"Who Exactly is Trying to Kill off Cash?"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/wolfstreet.com\/2015\/11\/24\/the-death-of-cash\/\" target=\"_blank\">Who Exactly is Trying to Kill off Cash?<\/a><\/h3>\n<p>In the Irish city of Cork, business leaders recently\u00a0<a href=\"http:\/\/www.irishexaminer.com\/ireland\/cork-bids-to-become-the-first-cashless-city-in-ireland-362583.html\" target=\"_blank\">launched<\/a>\u00a0a three-month pilot project to encourage consumers to abandon the archaic use of cash by offering the chance to enter into a prize draw if they use electronic means of payment. It is a cheap, almost insulting inducement, but nonetheless probably an effective one. The ultimate aim of the scheme is to transform Cork into the first Irish city to go completely cashless.<\/p>\n<h3><strong>The Race to Kill Off Cash<\/strong><\/h3>\n<p>A few years ago such an aspiration \u2014 to do away with physical cash, a form of payment that has served mankind, for better or worse, richer or poorer, for millennia \u2014 might have seemed a little odd. Not anymore. Today cities all over the globe and even entire nations appear to be in a mad rush to kill off cash.<\/p>\n<p>One obvious place that springs to mind is Scandinavia, where Denmark and Sweden are engaged in a neck and neck race to become Europe\u2019s first cashless nation. But the trend extends far beyond Scandinavia. In London, where physical money has been practically abolished from the public transport system, the borough of Brent has\u00a0<a href=\"http:\/\/www.wired-gov.net\/wg\/directory.nsf\/campaign\/London+Borough+of+Brent+becomes+UKs+1st+Genuine+Cashless+Council\" target=\"_blank\">proudly declared<\/a>\u00a0itself the first district council to go completely cashless \u2014 with a little bit of help from MasterCard.<\/p>\n<p>In May this year the city of Bergamo launched an\u00a0<a href=\"http:\/\/www.pangeatoday.com\/bergamo-to-become-italys-first-cashless-city\/\" target=\"_blank\">ambitious pilot scheme<\/a>to become Italy\u2019s first cashless city. The initiative, which awards people who use electronic payments with discounts on retail products, is sponsored by (once again) MasterCard, together with CartaSi, Visa, UbiBanca, Banca Popolare di Bergamo and Banco Popolare.<\/p>\n<p>Meanwhile, in the UK region of South Gloucestershire, the local Conservative Party is spitting venom about the lack of \u201ca genuinely comprehensive, multi-model, London-style [i.e. completely cashless] \u2018Oyster\u2019 payment system\u201d for new planned Metrobus routes.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Who Exactly is Trying to Kill off Cash? In the Irish city of Cork, business leaders recently\u00a0launched\u00a0a three-month pilot project to encourage consumers to abandon the archaic use of cash by offering the chance to enter into a prize draw if they use electronic means of payment. It is a cheap, almost insulting inducement, but [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[1035,1034,5660,281,10723,536,5432,820,4255],"class_list":["post-14709","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-cash","tag-cashless-society","tag-don-quijones","tag-europe","tag-mastercard","tag-money","tag-physical-cash","tag-uk","tag-wolfstreet"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14709"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14709\/revisions"}],"predecessor-version":[{"id":14710,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/14709\/revisions\/14710"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}