Cashless Australia Go Fuck Yourself, And Some Other Things

grarpamp grarpamp at gmail.com
Mon Mar 27 02:35:43 PDT 2017


https://news.slashdot.org/story/17/03/27/0220216/is-australia-becoming-a-cashless-society
http://www.abc.net.au/news/2017-03-27/is-australia-on-the-brink-of-becoming-cashless-society/8377288
http://www.smh.com.au/business/atm-use-hits-15yearlow-as-shift-to-cashless-society-gathers-momentum-20170313-guwsry.html

Australia's Reserve Bank will roll out an instantaneous
money-transferring technology later this year, "which will push
Australia even further towards being a cashless society," according to
ABC. An anonymous reader quotes their report: In 2014, 12 financial
institutions signed up to build the "New Payment Platform," partly as
a way of bringing Australia up to speed with other countries that are
ahead in the race to becoming completely cashless. Sweden is on track
to become the world's first completely cashless economy, and just last
November India got rid of its highest denomination bills, effectively
eliminating 90 per cent of its paper money... The "New Payment
Platform" will mean money can be transferred almost instantaneously,
even when the payer and payee are members of different banks.
"It's estimated that somewhere between about $3.5 and $5 billion in
Australia every year is lost in tax revenue due to the sort of cash
economy," says an economics professor at the University of New South
Wales, who predicts Australia could be cash-free by 2020. The
Australian Payments Association reports that over 75% of the country's
face-to-face payments are already tap-and-go, and ATM withdrawals have
sunk to a 15-year low.


Fuck Australia and Fuck their stupid Queen too.
Fuck Tax. Fuck Control. Fuck Slavery.
Fuck Databases. Fuck Surveillance.
Fuck Religion. Fuck Police. Fuck BigCorp.
Fuck Governments and the all Idiots in them.
Fucking stupid world.


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