Title | : | The future of money: three ways to go cashless |
Lasting | : | 7.34 |
Date of publication | : | |
Views | : | 132 rb |
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Keep CASH ALIVE BUT WE ALL KILLED IT BY ALLOWING A PAYMENT SYSTEM TO BE INVADED IN OUR PHONES AS AN APP OR DIGITAL WALLET WE MADE IT EASIER FOR THESE PAYMENT SYSTEMS TO CREATE AN APP TO FIT INTO OUR PRIVATE PHONES WE ALL SHOULD HAVE SAID NO!! So that companies wouod have to develop a separate device with software for a digital payment system Comment from : @HandsONreviews4u |
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As long as cash remains as some form of competition, there will be a limit to the fees which can be charged As for the network owned by any single company, if the fees are too high the incentive for an alternative payment system will grow dramatically Of course without cash as some form of competition, all payment providers could simply choose to unofficially operate like a cartel and the fee’s could be as high as they wish This is why no society should ever go cashless, the consumer will, in the end, pay a high price for this
brThe Indian system may be a viable way to go, with a democratically elected government being controlled by the voters to ensure the fees don’t go crazy Other alterative are payments moving directly between banks, by passing credit card providers Bpay in Australia is a possible model for this A better model may be MobilePay, a person to person payment system available in Denmark, using mobile phone providers
brThe real revolution will be when its possible to use your smart phone as a payment terminal, allowing bank to bank transfers to occur when you purchase something This would bypass credit card providers, payment network providers and payment switches This is not here yet, but if the current payment providers try and rip off the consumers and retailers too much, its certainly an option There is nothing stopping retailers from charging surcharges to compensate for high fees, encouraging customers to use such a feeless system Comment from : @peterfmodel |
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The world population is going gold back currencyBye,by a CBDC agenda CBDC will end Comment from : @bradhigginbotham7038 |
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What the video didn't mention is that fact that for uses to use Alipay or WeChat Pay (or any other Chinese state-approved e-payment systems for that matter) they MUST submit their real personal info, which means the state is monitoring your every move even if you're not directly connected to the internet Comment from : @SECRETMANlAC |
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How comes nobody talk about Kenya who have been going cashless since the inception of MPESA in 2013 Most Kenyans don't carry cash even to buy smallest of things like tomatoes I never here Kenya being mentioned Comment from : @Missmops |
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Hard pass Comment from : @Procopius464 |
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Cash is king we need to avoid this Comment from : @lewissmith5764 |
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UPI is very similar to the Intercomputer network here in the US With an unparalleled digital payment system, I believe the Fed wants to implement it, but is rightly concerned the card companies will legally try to fight it Comment from : @mcdogloo |
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In China, paying with cash at a convenience store is unusual, at least in big cities It's all app based Allthe better to monitor people Comment from : @acmelka |
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Im only 25 and i use cash for 95 of my purchases Comment from : @oasis4life014 |
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sort of annoying how many times the person has to say sort of Comment from : @shag2235 |
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In fairness… going cashless would be much harder for criminals to get away with their scams, here but especially in the USA, scamming the elderly and vulnerable out of tens of thousands and taking their life savings, getting them to send huge amounts of cash to money mules… but I get it is a huge pain for the rest of us and independent businesses Comment from : @bt7king |
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Cash is useful when atms and payment network is unavailable and you need to raid your cash stash Comment from : @axiomfinity |
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People build their own cages Comment from : @balsarmy |
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Are you kidding me "60 year old paymentsystem America and Europe"? First of all, the payment system within Europe varies from country to country Many European countries don't only use the same card based payment system as America Many European countries have a national network that doesn't use eg Visa or Mastercard In Norway we've got BankAxept Not to mention that loads of countries use Vipps, MobilePay or even PayPal in some Comment from : @tomern91 |
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This is pure COMUNISM !!! Comment from : @danutavram831 |
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WE DIDN’T VOTE FOR THISbrEveryone needs cash when the internet goes offline…brCUT UP THE CREDIT CARDSbrSTOP GIVING THE BANKS ALL YOUR MONEY Comment from : @Nothinglefttosay |
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Having just been paid cash for an item I sold on-line, I think a cashless society is a pipe dream Comment from : @PiperStart |
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Cashless only makes the banks creating money out of thin air easier Comment from : @henryairconcepts2999 |
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I don't think I can survive without UPI ♥️ Comment from : @KitsGravity |
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Never let that 2happen Comment from : @Pagan-hn4du |
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Discussing the evolution of digital payments without mentioning the brazilian Pix is a disservice to your audience, i hope it is brought to attention in the full video Comment from : @Vinilencioni |
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A waitress in Pizza Hut recently made a huge song and dance to me about how her company no longer accepted cash So I paid for my meal with a bank card, took out a ten-pound note, and said to her "I was going to give this to you as a tip, but of course you don't take cash, so I can't", and put it back in my pocket Big laugh for me - less so for her Comment from : @hugojames85 |
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Proud of India ❤ Comment from : @sandamaliworld2633 |
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Book of revelation people, you cannot buy or sell without the mark of the beast, Comment from : @forlatagate1 |
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Believe me , UPI is wayyyyyy more easy and user friendly to use in comparison to card systembrbrAllow UPI to operate in your country all other digital paying methods will be elclipsed Comment from : @ankurantil6137 |
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Lines in conductions!? Comment from : @maryluzserranocalderon6428 |
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America is not a country, it's a continent You never learn, don't you? Comment from : @polluxar |
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Did you forget the elephant in the room crypto currency perhaps? Comment from : @malibuss67 |
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Cashless leads to states controlling people in ways never imagined before Never go cashless Keep your privacy and independence! Comment from : @lbenegas |
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RECALLS ON DEBR MANAGEMENT AS IN COURT DEBT REVIEW COMPANIES WHICH COUNTRIES WITH COURT AARANGEMENTS Comment from : @zenzeleluckymtshali8433 |
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Why do we have to customers lose again?br Money, coins & bills are beautiful history Comment from : @TyrantLibreals |
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Shame on you, real media is dying coz of media house like u Comment from : @Theone_one |
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cryptocurrency will take over in the end that is the best that could happen Comment from : @elusiveinstinct |
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Very bad digital payment Comment from : @ParvinderSingh-zd6dj |
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If you are not in the financial market space right now, you are making a huge mistake I understand that it could be due to ignorance,but if you want to make your money work for youprevent inflation Comment from : @clarklex3982 |
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Conditioning people for what's to come Revelation 13:16-18 Comment from : @jesusistheonlywayjohn146 |
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Going cashless is all about control and surveillance its awful Comment from : @tomdobbs6866 |
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Promote cash payments-card or electronic money spending is a means of control by a System we don’t want!! Comment from : @ephilippos |
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Cards and cashless payments are for braindead fools who are inching us closer towards a dystopian future and total enslavement CASH IS KING KEEP CASH ALIVE Comment from : @bigchief2331 |
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F**K THE BANKSbrCASH IS KING Comment from : @owenbutcher1954 |
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CASH IS KING ALWAYS Comment from : @owenbutcher1954 |
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Save cash at all costs digital currency equals the banks control it! Comment from : @fghjjjk |
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Erratum I can t be bothered Comment from : @notyourbusiness3899 |
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WeChat is more like ICQ on steroids, in fact they copied icq 😅 Comment from : @7_of_9 |
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We are only one power outage away from digital currency not working especially with unreliable renewable energy Also the banks and government can control your funds In Australia we need to pay 10 charge to use the convenience of our card on every transaction Comment from : @600veyron |
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Not with this current generation Comment from : @AhmedMehmed-is7jj |
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Do our thoughts influence nature?
br
brIndeed, our thoughts influence nature
br
brWe live in a single global-integral system of nature, we influence it with our thoughts, and we receive feedback accordingly
br
brSimilar to laws that operate on mechanical, electronic, electromagnetic and other material and biological scales, when we press, push or constrain something, we receive a response Likewise, when we think positively or negatively about others, we accordingly receive a response
br
brThe global-integral reality in which we live is a closed system, and we receive responses from it according to our attitudes to it Comment from : @dekelpolak4190 |
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The future is Central bank crypto Comment from : @علي-ش7ث8ب |
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Is There a Specific Way Love Should Feel?brbrMutual, reciprocal and whole among all people in the worldbrbrIt is because love is the force that binds us together in our whole and eternal state as a single soul, which we are all parts ofbrbrHow can we feel this mutual love among us as a single soul?brbrWe can feel mutual love when we all connect, feel a common connection between us, and try to fulfill each other through such a connection Comment from : @silviashefa4097 |
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America with that ENORMOUS card payment the vendors make to have access3 ENORMOUS! Comment from : @rd9102 |
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The Hopeless Economist should produce a segment on Hopeless France, which will join the ranks of broken nations within 10 years, now that Africa has said enough of plunder That is not much to ask, is it? Plunder is 30 of France's GDP Comment from : @bircruz555 |
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No security as the Mas and financial institution will only blame you when you get scam due to loopholes they left in the system Comment from : @chresateo939 |
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The trend towards a cashless society is accelerating worldwide, but the digital payment systems vary across the globe In the US, Visa and MasterCard dominate the market, charging high fees to merchants and issuing banks However, this model offers consumers rewards and protection, making it difficult to disrupt In India, the government has established a non-profit organization, partially owned by the central bank, that sits in the middle of every mobile transaction in the country This system, called the Unified Payment Interface (UPI), allows for payments between bank accounts directly facilitated by a fintech app, without the need for a credit card network This has allowed people with only a mobile phone to participate in digital payments, which has changed the country's financial landscape The UPI system has generated a vast amount of data about transactions, which has changed creditworthiness, allowing people to access financial services The account aggregator system in India allows users to export their data and import it into another financial services environment In China, AliPay and WeChat control about 90 of digital payments, and the country has a different model than the US or India The shift towards digital payments can unlock a range of changes within the financial system, as people have more data generated about their transactions Comment from : @marchlopez9934 |
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And eat ze bugz and live in ze podz of course! Comment from : @jeffondrement160 |
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Cashless is more practical and safe in this modern world I have been practising cashless for years now Safer and more cooler! Comment from : @frederickdalusim5136 |
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Crazy to realize that i have not withdrawn cash or hold any cash for 2 years now Hardly ever if any Just use my phone all the time (from Thailand bangkok) Comment from : @susancorgi |
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I hate to comment before watching, but I’m sure there are more than three ways to go cashless Comment from : @christianchellis9057 |
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The United States should never go completely cashless for the sake of economic personal liberty No matter how much digital payments are done in the economy, the core should still be the same concepts as 'cash' Comment from : @angliccivilization1346 |
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Conclusion is UPI is the best among these three because you can pay from any app to any app unlike china Comment from : @abhishekrana6129 |
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If they eliminated cash the strippers will runs out work 😅 Comment from : @germanbaez9223 |
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Singapore, Indonesia, Malaysia, and Thailand have an interoperable QR code payment system which works cross-border So, i can use my bank's app from indonesia (or a host of Fintech apps) to pay a hawker in Singapore and visa versa ASEAN is getting its act together Comment from : @esquared5064 |
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I use credit card even for small transactions using scan and pay No need to swipe and pay mdr for small transactions! Comment from : @vivekanandan5093 |
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Creepy video using hypnotic music to draw you to your own enslavement Comment from : @lewtube6436 |
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A new era is upon us, Corporate tyranny Comment from : @martinpalm5 |
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India is now innovating on an Open eCommerce Technology stack called ONDC If successful, it would give a huge challenge to the giant e-commerce marketplaces like Amazon or Flipkart Even food aggregators like Swiggy & Zomato might have to move away from their proprietary platforms We already have a disruption with the mobility platforms like Uber, Ola Comment from : @SkpalTube |
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M-pesa is king 👑 Comment from : @elomondi |
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Curious I'd be retiring/ working much less in 5 years, and keen to know best, how people split their pay, how much of it go into savings, spendings or investment, I earn $160 per year and I got into t rading stocks and cripto Big thanks to Mrs Elaine Vega I now make huge P rofits by weekly through her services while still learning to stand on my own Cash is still very strong For my part I don't want companies, the government or diverse security services misusing my data that's why I prefer cripto I dislike dislike leaving a money trail behind describing my life in fine detail I barely make use of credit cards and mainly because I'm forced to (not appreciated!) If the banks control all the money supply, they can charge whatever they like because without cash there would be no other option Comment from : @eddieortiz4096 |
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India should export UPI to africaits the best system out of the three Comment from : @nav5801 |
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India has advanced as a country without the need of other private companies in the Fintech area is mind boggling Comment from : @awesomebrotherhood7698 |
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What about the poor drug dealers?brWould they get closed down ?brLol Comment from : @oneshothunter9877 |
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I am sorry to break it to you, but the best has come and gone Comment from : @davidnyc487 |
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Wow Babylon is rising brYouTube Babylon is alive and well by David Assherick Comment from : @glennhollier7562 |
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One more erosion of liberty, I live in Spain and the Spanish have full access to my Bank account Being more and more directed to a digital world gives you as individuals have less rights to privacy in your life, Everything is documented whatever you do buying anything Comment from : @1701enter |
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Cash forever, no Chinese system! Comment from : @paololain9713 |
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Here in Brazil, our model is similar to the indian one, with brazilian central bank's PIX system, which connects digitally all bank accounts in real time And this week we have launched a blockchain version of our state currency (Real R$), which will be called DREX Comment from : @konradcabral |
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WWAAAAAyyyyy too many filler words Not sure how that happens when it's all pre-recorded You should have written her script and made her practice Comment from : @empmachine |
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Should have talked about Brazil's Pix Comment from : @danilegal8 |
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