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In The News
   
 
 

 

In The News

 
Comment from UTT:
 
A society that replaces cash with an electronic system that is used exclusively for buying and selling is here. In the future, expect to see the implementation of the prophecy found in the book of Revelation chapter 13: 16-17.

 

July 17 - Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go ‘100% Cashless’

Article: Technology For A Global Monetary System
 

The push toward a cashless society is becoming more of a shove.  Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am quite alarmed.  Visa is trying to “encourage” businesses to go cashless, and one of the ways that they will be doing this is by “awarding up to $500,000 to 50 eligible US-based small business food service owners who commit to joining the 100% cashless quest”.  The food industry is still one of the last bastions where cash is used very heavily, and so it makes sense that Visa would want to target that segment.  Of course the more people that use cards to pay for meals, the more money that Visa will make.

When I go to restaurants, I almost always use cash, and I know a lot of other people that very much prefer to use cash in those situations as well.  But if Visa has their way, soon all of us will be forced to use some form of digital payment instead.

 

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