• logo


logo

Timely and Inspiring Prophetic Analysis so you can Prepare.


  • Home
  • Monthly Messages
    • Pastor Mayer
    • Pastor Nelson
    • 2022
    • 2021
    • 2020
    • 2019
    • 2018
    • 2017
    • 2016
    • 2015
    • 2014
    • 2013
    • 2012
    • 2011
    • 2010
    • 2009
    • 2008
    • 2007
    • 2006
    • 2005
    • 2004
    • 2003
    • 2002
    • 2001
    • 2000
    • 1999
    • 1998
  • Briefings
    • Prophetic Intelligence
    • Nature Knows Best
    • Prophetically Speaking
  • Events
  • Videos
    • KTF News
    • KTF Live
    • Interviews
    • Sermons
    • Promo Video
  • Store
  • Make a Gift
loading...
  • Post
  • Similar Posts
  • Post Icon
  • author
  • Pastor Hal Mayer

    Speaker / Director

Is the USA Headed to a Cashless Society?

Tuesday August 23rd, 2016
Print This Post Print This Post

While Sweden is the most advanced nation toward a cashless society, America, though far behind, is moving in that direction. Increasing numbers of restaurants and retailers are now snubbing the lowly dollar bill. SweetGreen, a salad chain, for instance, refused cash and telling customers they can only pay with mobile payments or cards. Also, some newer vending machines only take a card or a mobile wallet.

Though the U.S. Treasury is fine with cashless, and allows businesses to set their own policies, some states, like Massachusetts still require businesses to accept cash.

“What we’ve seen is a push toward electric payments because of convenience, especially for Generations X and Y and onward,” said Greg Burch, vice president of strategic initiatives as Ingenico Group, which makes payment systems for merchants. “The phone has become more personal than the wallet has.”

While cashless is still at the “experimental level” in the U.S., more stores will be adding mobile payment options and payment apps. Merchants like cashless because they don’t have the cost of storing and transporting bills and coins. It also reduces the risk of physical theft. The main downside is the loss of anonymity of consumers. There is no paper trail with cash. Also, with one out of 13 Americans not having a bank account, stores that refuse cash may be effectively shutting out many lower-income customers who rely on cash.

Though cash isn’t going away any time soon, some people think the U.S. should get rid of its cash. It costs the U.S. taxpayer $200 billion each year to keep cash in circulation, according to a Tufts University study. Plus the U.S. is “digitally ready” for cashless. Perhaps there is something in the psyche of Americans makes them less willing to give up their cash. After all, there is a time coming when the Bible prophecy about religious laws that prevent buying and selling will be fulfilled. There is no way to 100% prevent anyone from buying or selling unless there is no cash as tender in society.

“And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:17.


Source References

  • ​Stores to customers: “Cash not welcome here”
  • Sweden leads the race to become cashless society

Prophetic Intelligence Briefings are provided to show a link between current events and Bible prophecy only. The reposted articles, which are not intended as a commentary in support of or in opposition to the views of the authors, do not necessarily reflect the views of Pastor Mayer or of Keep the Faith other than to point out the prophetic link.

Comments


Post a Comment!

Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.


  • Request your free subscriptions now

    • English
    • Deutsch
    • Español
    • Português
  • Latest Message

    Request CD | View Transcript
  • Make a Gift

    Or click here to send a check
  • Prophetically Speaking…

    “The right to be heard does not automatically include the right to be taken seriously.” more…

  • Recent Posts

    • Oklahoma Ranchers Predict Beef to Rise to $50 per Pound
    • Prophetically Speaking…
    • Pelosi on Inflation Reduction Act: ‘It’s About Values—Values Espoused by Pope Francis…’
    • Prophetically Speaking…
    • KTF News Video – Taiwan cancels leave of some soldiers ‘to immediately prepare for war’
  • Tags

    Catholic Church church and state Donald Trump globalization government natural disaster politics Pope Francis Prophetically Speaking Quote of the Day religious freedom religious liberty United States Vatican
  • Recent Comments

    • Banati on China earthquake: Powerful 7.4 magnitude quake rocks central China – latest updates
    • Daniel on Episcopal Church Comes Out in Support of Sex Changes ‘at All Ages’
    • William Stroud on Survey finds alarming trend toward political violence
    • William Stroud on America is being torn apart from within by bad politics, leftist policies
    • Cathy on An ‘imposter Christianity’ is threatening American democracy
  • Follow



logo
  • Home
  • Subscribe
  • Store
  • About KTF
  • Meet the Team
  • Terms of Use
  • RSS Feed
  • Contact
top

© 2021 Keep the Faith. All Rights Reserved.  Webmaster »



Share
Send Email
  • Send
close