Why the friction of paper money defined our lives (and how bad a cashless future will be)

On February 16, 2025  By newsguide   Topic: Business, Trends

While the poor (and salaried) like the rise of electronic payments - the direct bank-to-bank money transfers - salary or subsidy, it doesn\'t matter, as long as you get the money fast and secure.

But, consider the flip side:

1. government and companies will have a watch and control over your transactions;

2. people with bad intent may steal your digital identity and away goes your money;

3. you will tend to spend more than you have (as many banks offer credit after seeing yoour bank balance), and

4. when you held that paper money in your hands, the friction you felt was the sweet friction of feeling life happen, not some bits wandering around on some server.


Next: Read 2500+ consumer guides to shopping, electronics, appliances, home services, cars, money and more.
If you liked all this, consider supporting us by checking out Tiny Skills - 250+ Top Work & Personal Skills Made Easy

DOING Manuals


The AI Proof Career

Future-proof your work in the AI age.


31 Days to Escaping Job Search Hell

Escape job search hell right out of college. Get job-ready in 31 days.