@@lightkeeper917 yes I’m the same, in fact my cellphone spends more time at home than I do lol, but many people think they are private, but then they pull out a cellphone.
Want to know what a cashless society would look like? Ask the customers of Westpac who couldn't use their bank cards to pay for anything or access their accounts or when they did, they found their accounts had been wiped due to some still-unknown glitch. It's no secret that upcoming digital currencies will be linked to a digital I.D in a manner similar to Chinas social credit score. If you've been "naughty" then your ability to spend your digital money will be curtailed or even revoked. Use cash to support your local businesses, especially the small ones.
@@martinlukes9962 yes just look at what they did to the Canadian Truckers . Or when the powers out or heaven forbid a cybersecurity attack or EMP attack with all the war’s waging . We’d all be stuck.
I recommend that everyone takes cash out every week and uses it to pay for things. Even if you don't use it to pay for 100% of what you're buying, it sends a sign to companies that customers still want to use cash. The worst thing imaginable would be for us to become a cashless society.
Go along with it ..come on, we get no choice .. It's announced today and gone tomorrow . Another pill to swallow . Oops that's right wasn't it announced that this health minister wants long time medication users to stop taking medication ..
The scariest thing is to lose cash. We could lose our free will. Someone else could control our purchases etc. DON’t ever allow this infringement on our freedom. Cash is king
you could say the same of cash because as soon as someone holds it they can spend it and "control your purchases" to spend it on themselves 😂 theft exists in every method dude
Cash keeps the money in the community and is not eroded away in transaction fees from the Robber baron Banks! Think about it, look at their profits and end usury!
Anyone who lived through major events (ChCh earthquakes, North Island major storms, lengthy power outages for any reason) knows that cash is the only thing that still works without power... If the interviewer had asked me "when was the last time you used cash" my answer would have been "this afternoon"! Many older people still use cash in the main. Until we have uninterruptable power, can't see a near future without cash myself...
Cash is Insurance for Unforesen Situations. CBDCS , will potentially, mean your finance is programmed by Authorities. Adjusted based on their Policies , Agenda or your worth to the Society "they" envision...
It's blatantly narrative fodder. Show one person out of 50 who used cash, to appear balanced. Don't ask the question "do you think we should go cashless?" bc nobody in their right mind would say yes.
with the increase of cyber attacks and outages these days with banks, it still good to have cash in hand to exchange for goods and services, if it ever happens.
I think most people don’t use cash now days due to convenience and online purchasing. But I think what most people fear is what is known as a retail CDBC. Which is a centralised digital bank currency where your account is controlled and monitored by the reserve bank. This can be linked to carbon credits, digital passports, social credit scoring, and tokenisation of all assets in a programmable manner. Potentially a CDBC could be used in a dystopian way to control one’s population. This is where laws would have to be put in place to prevent and protect the public.
Legal tender. If a business refuses to accept cash the the confidence in the currency will vanish.
9 หลายเดือนก่อน +4
I hope the Reserve Bank saying going cashless was not a good thing wasn't just a smoke screen. Can you imagine a notification saying. Sorry but you've exceeded your monthly allocation of fuel so you'll have to give it back. A truly cashless society means every cent you spend can be scrutinized and controlled. No red meat for you this week but the bugs are cheap.
This is very fun we can’t even pay bus by tap and go and we thinking of going cashless I rather have cash it helps me save a lot as I have my weekly plans out on me cash and don’t have to check my bank acount online
Latest scoop on NZ is Comvita driven to the ground by David Banfield and his boy toy Andy Chen 😂😂 not to mention accounting "irregularities" by mainland Chinese team 😂😂😂😂
Ohhhh soooo is this why Nicola Willis is going to Washington to be chummy with other UN finance$$$ businesses. Or is she going to borrow $$$.. All first-class flights ✈️.
I USE EVERY WEEK BECAUSE I THINK I CAN KEEP TRACK OF HOW MUCH I AM SPENDING. WHEN YOU PAY BY CASH, YOU ARE MORE CAUTIOUS THAN DIGITAL. ALSO, DIGITAL SCAM IS MAIN ISSUE .
@@barbaraknowles2713 the key difference is they don’t know what you purchased just where you were. With plastic they know everything as it’s all linked, same with loyalty cards. In short we are tracked regardless these days. But I like cash, and I find it way easier to manage as you can see what you have and what you have spent. With plastic it’s easy to lose track of how much you spend.
No I don't agree at all, I still use cash every week. Quite a few people I know people around the community use cash snd support their local businesses. Please don't bring this into New Zealand.
Gen X here even now I pay (give people any left over change) mostly by cash instead of the countless bank fees, but it is bound to happen look at Thomas Jordan (Swiss national bank) on Central Bank Digital Currency, says consumers / businesses already have access to a wide range of effective / innovative payment instruments offered by the private sector. Retail CBDC could fundamentally change monetary system and the role of the Central / Commercial banks, with far reaching consequences (inteferring in every aspect of an individuals life). Thomas saying these risks far outweigh any potential benefit. Only for a wholesale CBDC but no Retail (but that will happen by the Luxury Belief religous system where all lower class people are at the mercy to the political / money elite who are shielded from any consequences.
One of the critical issues is cashless transaction fees. Many overseas cashless facilities has no transactions charges. This will drive the adaptation.
I have a family member who works in a bank way "upstairs" and the banks have been in this process of making the country cashless for along time, its not hard to see the downgrading of support services and Banks is a ploy happening everywhere to get people to use cards as its "much easier" for everyone as they make personal banking so hard for everyone
@@tracymichaelsen493 Yup, it exists in my Apple Wallet on my iPhone13 as a digital image. I use it via the apple wallet with online purchases and with contactless for POS purchases, all kept secure by my ugly mug! If a card is lost/stolen, then the digital image in the Apple Wallet is replaced at midnight automatically on the day of report. No need to wait for the physical replacement. Go on, give it a try luddite.
People need digital money, cash and other materials deemed valuable. Using Cash trains people to use mental arithmetic (Good with numbers). People can tip(give) cash to businesses if they like their service, which is good for customer and business.
Thanks for covering this, I was super interested to see some credible research and interviews done in this area. I wonder though which method people find more secure, and whether people trust digital payment methods, and which method people find more convenient. I think Covid played a huge part in getting people to use digital payments, I wonder how much has sustained taking into account high pay wave costs.
Really…move your money through a central bank so you guys can track what we spend our money on no thanks bro and by the way greg cashless coffee place your a knobhead mate
So ask for a coffee, incurring debt to the barrister and they can not decline to pay a debt. Whats so hard to understand you really have to accept cash. Put clothes on in a cashless store. Ask to wear out. Go to till, now your in debt and they cant decline.
Interesting how all of these comments are people saying they use cash. But surely that’s the minority in New Zealand. The comments and society aren’t matching up.
Why do these people think digital currency is not vulnerable? cyber attacks, power outages or total lack of,natural disasters, political tyrant's control, can all affect or infect this system.Your privacy goes aswell
Cash is King. I use it all the time. Who wants to be tracked and traced everywhere they go??
So true
Agree, but if you have a cell phone you are already being tracked.
@@dave24-73 Yes! your are absolutely right. However, I often go out without my cell phone, so not always being tracked that way.
@@lightkeeper917 yes I’m the same, in fact my cellphone spends more time at home than I do lol, but many people think they are private, but then they pull out a cellphone.
@@dave24-73 yes lured with store discounts on our Woolies , New World cards on what and how much we buy .
Want to know what a cashless society would look like?
Ask the customers of Westpac who couldn't use their bank cards to pay for anything or access their accounts or when they did, they found their accounts had been wiped due to some still-unknown glitch.
It's no secret that upcoming digital currencies will be linked to a digital I.D in a manner similar to Chinas social credit score. If you've been "naughty" then your ability to spend your digital money will be curtailed or even revoked.
Use cash to support your local businesses, especially the small ones.
Printing bank notes makes money for the issuer it
Well said! Cheers
this needs to go to referendum....direct democracy now!
This news story is very one sided, more like propaganda, they want cashless so they can't have a bank run when people figure out this ponzi scam
Nobody wants cashless
....apart from those that Do... which we need to push Back On through the intelligent and proactive comments on this thread. Cheers
@@martinlukes9962 yes just look at what they did to the Canadian Truckers . Or when the powers out or heaven forbid a cybersecurity attack or EMP attack with all the war’s waging . We’d all be stuck.
this needs to go to referendum....direct democracy now!
@@nancydrew1102That's exactly what they want
I recommend that everyone takes cash out every week and uses it to pay for things. Even if you don't use it to pay for 100% of what you're buying, it sends a sign to companies that customers still want to use cash. The worst thing imaginable would be for us to become a cashless society.
vry vry true, problem is thy knw we wont
A cashless society is a digital prison.
Goodbye to privacy. Forever.
Say hello to programmable money if you go along with this “convenience”
Go along with it ..come on, we get no choice ..
It's announced today and gone tomorrow .
Another pill to swallow . Oops that's right wasn't it announced that this health minister wants long time medication users to stop taking medication ..
this needs to go to referendum....direct democracy now!
CBCD are coming weather we like it or not , , you won't have a choice to opt out .
The scariest thing is to lose cash. We could lose our free will. Someone else could control our purchases etc. DON’t ever allow this infringement on our freedom. Cash is king
you could say the same of cash because as soon as someone holds it they can spend it and "control your purchases" to spend it on themselves 😂
theft exists in every method dude
I totally agree, cash is legal tender. I don't know how businesses are allowed to refuse cash
Well said. I'll second that.
@@Mel-qr5ob Read widely, and with intellectual thought, before commenting. Write with those same respectful Values and Skills.
It they wont accept you have aright to walk out with out paying.@@julianinurgahayati911
Cash keeps the money in the community and is not eroded away in transaction fees from the Robber baron Banks!
Think about it, look at their profits and end usury!
gud points
A fully cashless society will look like slaves being slaves.
When a business refuses cash, let's go elsewhere.......
thts right we have to push back against ths behavior, voting with our wallets is our only tool
@@1112-g1xlol this matter has all ready been decided , were going cashless weather we like it or not .
@@nzbrotrev9028 and how wuld the bro trev knw tht?
Anyone who lived through major events (ChCh earthquakes, North Island major storms, lengthy power outages for any reason) knows that cash is the only thing that still works without power... If the interviewer had asked me "when was the last time you used cash" my answer would have been "this afternoon"! Many older people still use cash in the main. Until we have uninterruptable power, can't see a near future without cash myself...
No wonder your news is being axed!
I always carry cash! I never know when I need it!
Same.
As for business that choose not to take cash that's fine. I can freely choose not to do business with them.
Cash is Insurance for Unforesen Situations. CBDCS , will potentially, mean your finance is programmed by Authorities. Adjusted based on their Policies , Agenda or your worth to the Society "they" envision...
How smug were some of the card snobs in the street? You all know who I'm talking about, those dudes were too keen to on cashless system.
It's blatantly narrative fodder. Show one person out of 50 who used cash, to appear balanced. Don't ask the question "do you think we should go cashless?" bc nobody in their right mind would say yes.
Ask the question in a country town.
We have been fooled! Can people not see the dangers!
Its cheaper paying bills than card
didnt relise i culd pay bills with cash? wer do u do ths?
Keep using cash! We need to fight back!
An entirely digital cash society is completely vulnerable to hackers. Ransomware bandits can't hack cash.
any business that refuses cash - i don't return to
with the increase of cyber attacks and outages these days with banks, it still good to have cash in hand to exchange for goods and services, if it ever happens.
Cash is King ! Keep cash circulating and pay for smaller items with cash . Market stalls and smaller shops rely on cash
I think most people don’t use cash now days due to convenience and online purchasing. But I think what most people fear is what is known as a retail CDBC. Which is a centralised digital bank currency where your account is controlled and monitored by the reserve bank. This can be linked to carbon credits, digital passports, social credit scoring, and tokenisation of all assets in a programmable manner. Potentially a CDBC could be used in a dystopian way to control one’s population. This is where laws would have to be put in place to prevent and protect the public.
This is the whole intention of making cash more difficult for businesses to use. Global government control of all we think say and do.
Yes keep cash alive it's crucial to your freedom and privacy.
I use cash often,most people i know want to keep it.
I still use cash, if businesses don't want to take my cash then it's their loss, I'll spend it elsewhere.
People don't let them go cashless. This is another way got more of your money. Re charges just alone
Sad times ahead , I will miss christmas cards with cash
With cash you know what your spending Cash is legal tender
Legal tender. If a business refuses to accept cash the the confidence in the currency will vanish.
I hope the Reserve Bank saying going cashless was not a good thing wasn't just a smoke screen. Can you imagine a notification saying. Sorry but you've exceeded your monthly allocation of fuel so you'll have to give it back. A truly cashless society means every cent you spend can be scrutinized and controlled. No red meat for you this week but the bugs are cheap.
what happens in a power cut or a wifi outage.t
This is very fun we can’t even pay bus by tap and go and we thinking of going cashless I rather have cash it helps me save a lot as I have my weekly plans out on me cash and don’t have to check my bank acount online
I use cash daily
Here in Gisborne during cyclone Gabriel when we lost internet access the only thing people could use was cash. Cash will always be needed.
If they want a cashless society, then there should be no fees chargeable.
Cash does not incur extra fees. So cashless must be the same.
Good call.
No don't give the banks ideas
I do take both. There are some places very old school that prefer cash over card payments. We do like to count coins and notes for brain exercise
cahs of course is king, imagine dropping your card, pay wave? yes imagine how much money would get stolen from you. think about that before cashless!
Last week Don't take the cash away
Labour had a good go at making NZ cashless. Thank god they're gone
I always carry cash in case the efpos machines are down
What happens when there's a power cut?
There's no electricity. Simple.
Mostly I use a card but also carry cash. It's nice to have a choice.
Latest scoop on NZ is Comvita driven to the ground by David Banfield and his boy toy Andy Chen 😂😂 not to mention accounting "irregularities" by mainland Chinese team 😂😂😂😂
Half the country is kind of cashless already and struggling
Always have cash.... Cash is still king
CBDCs educate yourself people, as the "News" will not inform you.
Today i like cash if i loose that i loose using my brain to count
CBDC.... ANZ bank are already looking into it just ask John Key
Regular cash use. I have lived with computers/Internet /eftpos UNAVAILABLE and ONLY cash worked. Read cash notes. Legal tender it says.
Cash is king
Ohhhh soooo is this why Nicola Willis is going to Washington to
be chummy with other UN finance$$$ businesses.
Or is she going to borrow $$$..
All first-class flights ✈️.
I like cash. I hate my paywave card. So many of my friends have been scammed with card. I just prefer cash
I USE EVERY WEEK BECAUSE I THINK I CAN KEEP TRACK OF HOW MUCH I AM SPENDING.
WHEN YOU PAY BY CASH, YOU ARE MORE CAUTIOUS THAN DIGITAL.
ALSO, DIGITAL SCAM IS MAIN ISSUE .
Always use cash, I use to work in a bank, and it’s scary how much detail they can see, if you ever wanted to stalk someone that’s the way to do it.
I was thinking the same thing, then though shit, they just track us through our phones anyway,
@@barbaraknowles2713 the key difference is they don’t know what you purchased just where you were. With plastic they know everything as it’s all linked, same with loyalty cards. In short we are tracked regardless these days. But I like cash, and I find it way easier to manage as you can see what you have and what you have spent. With plastic it’s easy to lose track of how much you spend.
The cashless scammers is growing rapidly. The scammers love cashless
No I don't agree at all, I still use cash every week. Quite a few people I know people around the community use cash snd support their local businesses. Please don't bring this into New Zealand.
Noway! We will rise 💪
Cash is King. If it goes you clowns will lose your independence
Gen X here even now I pay (give people any left over change) mostly by cash instead of the countless bank fees, but it is bound to happen look at Thomas Jordan (Swiss national bank) on Central Bank Digital Currency, says consumers / businesses already have access to a wide range of effective / innovative payment instruments offered by the private sector.
Retail CBDC could fundamentally change monetary system and the role of the Central / Commercial banks, with far reaching consequences (inteferring in every aspect of an individuals life). Thomas saying these risks far outweigh any potential benefit. Only for a wholesale CBDC but no Retail (but that will happen by the Luxury Belief religous system where all lower class people are at the mercy to the political / money elite who are shielded from any consequences.
Must be making a load of money if you can factor in 50k as an expense.
full of sheep they think?control learnt from ccp big father,be a good machine😢
I'm so not a sheep anymore the flickers think me a wolf. The farmer wants me sent off to the freezing works.
Sorry I won’t my freedom and I won’t my cash
You’ll always be able to trade goods and services.
One of the critical issues is cashless transaction fees. Many overseas cashless facilities has no transactions charges. This will drive the adaptation.
I always carry some cash, for emergencies
Last time... today & the last time I brought anything with it 5mins ago.
I have a family member who works in a bank way "upstairs" and the banks have been in this process of making the country cashless for along time, its not hard to see the downgrading of support services and Banks is a ploy happening everywhere to get people to use cards as its "much easier" for everyone as they make personal banking so hard for everyone
I wont be putting any chip inside me either if we go cashless
Forget cash. When was the last time you carried a physical credit/payment card?
If you can't hold it, does it really exist? Total control of you is the plan
@@tracymichaelsen493 Yup, it exists in my Apple Wallet on my iPhone13 as a digital image. I use it via the apple wallet with online purchases and with contactless for POS purchases, all kept secure by my ugly mug! If a card is lost/stolen, then the digital image in the Apple Wallet is replaced at midnight automatically on the day of report. No need to wait for the physical replacement. Go on, give it a try luddite.
People need digital money, cash and other materials deemed valuable. Using Cash trains people to use mental arithmetic (Good with numbers). People can tip(give) cash to businesses if they like their service, which is good for customer and business.
once cash is gone, expect EVERYTHING to rise by over 50-100%
Thanks for covering this, I was super interested to see some credible research and interviews done in this area.
I wonder though which method people find more secure, and whether people trust digital payment methods, and which method people find more convenient.
I think Covid played a huge part in getting people to use digital payments, I wonder how much has sustained taking into account high pay wave costs.
We already are! More than half of us are broke!
They can't get rid of cash, it would be absurd to do so.
This is when one news station has a monopoly on propaganda
This would eliminate a lot of drug dealing
this needs to go to referendum....direct democracy now!
Really…move your money through a central bank so you guys can track what we spend our money on no thanks bro and by the way greg cashless coffee place your a knobhead mate
So ask for a coffee, incurring debt to the barrister and they can not decline to pay a debt. Whats so hard to understand you really have to accept cash.
Put clothes on in a cashless store. Ask to wear out. Go to till, now your in debt and they cant decline.
Shoplifting is great. No cash required
Always caried cash, cash is king!
Interesting how all of these comments are people saying they use cash. But surely that’s the minority in New Zealand. The comments and society aren’t matching up.
Let the consumer have the choice me personally I prefer cash and never use paywave but still EFTPOS and credit card on occasion
Wide is the road to destruction, don't get on it
I walk out of cashless business's
I haven't touched cash in years.
Think of the buskers that rely on cash too. 🎵🎸
it's more convenient for the IRD
Why do these people think digital currency is not vulnerable? cyber attacks, power outages or total lack of,natural disasters, political tyrant's control, can all affect or infect this system.Your privacy goes aswell
Always keep some cash for emergencies
Cashless Society will be beautifully, with some SMALL CASH alongside 👍and it will be Amazing world 🌎
The percentage of surcharge has to be correctly displayed is that a possibility 😊
I pay with cash
They still use cash here
Sir charge not just tap & go eftpos too💰👑
NOPE!!
You mean everyone run out of cash? Yea we are getting there 😂
Ummm I’m sorry but does no one else see Matt Damon? 🤣🤣🤣