Global IT outage shows dangers of cashless society, campaigners say
Cash provides essential fallback when digital payments break down, Payment Choice Alliance points out
Cash provides essential fallback when digital payments break down, Payment Choice Alliance points out
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So does writing down a card number or writing a check or even the dreaded IOU. Double also, if things break like they did on Friday, ways to get cash(ATM, tellers at a bank) will also be impacted as well as the things that you might spend cash on (gas pumps, cash registers etc).
I dont think that cashless needs to exist and having paper currency is useful in a lot of cases but in 2024 the idea that cash is the solution to much of anything is a little silly.
I don't know of any shop or street/market trader that will "write down a card number" or accept a written IOU from a random customer. In Europe cheques are practically extinct. When electronic systems or banks fail, cash is the obvious and generally the only working solution "in 2024".
