The cashless society is a con – and big finance is behind it | Brett Scott

Banks are closing ATMs and branches in an attempt to ‘nudge’ users towards digital services – and it’s all for their own benefit

All over the western world banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure. Just like Google wants everyone to access and navigate the broader internet via its privately controlled search portal, so financial institutions want everyone to access and navigate the broader economy through their systems.

Related: Hundreds of cash machines close as UK turns to contactless payments

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from The Guardian https://ift.tt/2Nq8lKs