36
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Jun 2024
36 points (92.9% liked)
Canada
7156 readers
277 users here now
What's going on Canada?
Communities
๐ Meta
๐บ๏ธ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
๐๏ธ Cities / Regions
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
๐ Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montrรฉal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
๐ป Universities
๐ต Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
๐ฃ๏ธ Politics
๐ Social & Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
The main thing that concerns me about a fully cashless society is that the means of buying and selling stuff shifts fully into the hands of the for profit, private company payment processors.
If cash is no longer an option, then ever increasing payment fees can become a growing profit center for those banks, credit card companies and payment processors as they gouge the public worse than they already are.
isn't that partially why those who dont want minimum fees look for a credit union that doenst charge minimum fees?
The hurtles are generally:
Which is why we need to nationalize banks. Why the fuck are they private institutions when you literally can't get by without a bank account?
Yup. Mastercard, Visa and American Express are about to get much worse on consumers and merchants.
Not necessarily true. The federal government can and should roll out their own instant payment mechanism under the supervision of the central bank or federal reserve. For reference: the FedNow initiative in the US, FPS in Hong Kong, and PIX in Brazil.
Interac is an aberration and it should be killed by a real public service.
And, y'know, you'll never be able to buy anything illegal again, even if that's just a book a la Fahrenheit 451.