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In The News
   
 
 

 

In The News

 

 

Comment from UTT:
 
This article provides more evidence that America and the rest of the world is headed towards a cashless society. The fact that this is happening indicates that a global monetary system is soon to be implemented.  This system will use personal identification that will be implanted into the flesh of human beings all over the world

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September 11 - America moves closer to being a cashless society

Article: Technology For A Global Monetary System
 

If you want to buy a beer at Flatstick pub in Seattle, don’t whip out a $10 bill to pay—you’ll walk away thirsty. Flatstick, a hot new mini-chain in the Pacific Northwest, doesn’t take cash. Neither does Bluestone Lane, a coffee chain with locations in New York, Philly and D.C. Patrons there have to pay with plastic or an app called LevelUp. Want to grab a Sweetgreen salad for lunch with cash? No can-do at many locations. Cashless commerce is popping up around the country, particularly in restaurants catering to a younger crowd, which is likely to leave home without any greenbacks, or even a wallet, and instead choose to live life with a smartphone and a few credit or debit cards attached.

Cash sure seems to be on the ropes. The dollar value of cash transactions sank 7% from 2010 to 2015, according to The Nilson Report, while credit and debit card payments rose nearly 50%. Meanwhile, ATMs, which had their 50th birthday last year, are disappearing around the block and around the world, signaling the decline of the “cash run.”


 

 

 

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