From supermarkets to cafés and public transportation, everyday payments are made using WeChat or Alipay, two apps that have become essential to daily life in the country.
That’s a bold statement to make when so called “free” and “democratic” nations are taking the left lane towards authoritarianism, doing a mass grab of medical data and are attacking encrypted communication on a weekly basis.
Leaving their hand and going into mine is about as instant as it gets.
Excel and open source equivalents exists.
Buy a safe and keep your damn mouth shut.
Don’t be a criminal, or don’t do 2 crimes at once.
Production cost is irrelevant to how fast the currency goes from person to person.
Any currency will have a lag for economic stimulus. That’s not a currency issue it’s a human emotion and thought issue.
I can go to the next state and pull out a thousand dollars in cash, come back, pay for my stuff, and now it is practically impossible to tell who has what bill, when they got it, what it was used for, or anything else about it after it left the bank. Your mechanic and grocery store don’t catalog the serial number on every bill they get for every transaction.
I haven’t used cash in years. It is happening here too and I don’t see it as a bad thing.
That’s a bold statement to make when so called “free” and “democratic” nations are taking the left lane towards authoritarianism, doing a mass grab of medical data and are attacking encrypted communication on a weekly basis.
I hate all the fees involved
It’s free in Brazil.
Yeah, instant payment is amazing!
Cash is instant. It leaves their hand and goes into mine.
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Let me address your concerns.
Leaving their hand and going into mine is about as instant as it gets.
Excel and open source equivalents exists.
Buy a safe and keep your damn mouth shut.
Don’t be a criminal, or don’t do 2 crimes at once.
Production cost is irrelevant to how fast the currency goes from person to person.
Any currency will have a lag for economic stimulus. That’s not a currency issue it’s a human emotion and thought issue.
I can go to the next state and pull out a thousand dollars in cash, come back, pay for my stuff, and now it is practically impossible to tell who has what bill, when they got it, what it was used for, or anything else about it after it left the bank. Your mechanic and grocery store don’t catalog the serial number on every bill they get for every transaction.
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