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this post was submitted on 23 Aug 2023
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AusFinance
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You have to be able to have a backup. Right now if you lose your bank cards, your bank might not even have a face to face branch to get cash from, and it might take 2 weeks in the post. It’s also harder for older people to keep up with the technology changes, also for people who don’t have access to the internet (or internet banking).
It’s great for a lot of us (I haven’t used cash in about 2 years I reckon), but I am worried people will be left behind if there’s no other payment system in place.