Re: The pros and cons of going cashless by
on
09/06/2021, 16:38:39 UTC Pros
- Lower crime rates, because there's no tangible money to steal
- Less money laundering, because there's always a digital paper trail
- Less time and cost associated with handling, storing, and depositing paper money
- Easier currency exchange while traveling internationally
Cons
- Exposes your personal information to a possible data breach
- Some may find it harder to control spending when they don't see physical cash leaving their hands
- If technical issues exist, you don't have alternative source of money[\li]