this post was submitted on 30 Jun 2024
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Cash transactions are way down. These advocates say the feds need to do something (www.cbc.ca)
submitted 6 months ago by [email protected] to c/[email protected]
29 comments fedilink hide all child comments
 

A consumer group is urgently calling on the federal government to follow other jurisdictions in the U.S and Europe and bring in legislation to stem the slide toward a cashless society.

Only 10 per cent of transactions in Canada today are done using cash, according to Carlos Castiblanco, an economist with the group Option Consommateurs.

"There is a need to protect cash right now before more merchants start refusing [it]," Castiblanco recently told CBC Radio's Ontario Today.

It's critical to act now, he added, before retailers begin removing all the infrastructure required to store and maintain physical money.

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[–] Nogami -1 points 6 months ago (2 children)

Can’t stand using cash. I’d be fine with an unregulated crypto currency that doesn’t need for profit companies, but never want to carry cash again.

[–] [email protected] 8 points 6 months ago (1 children)

I used to carry cash all the time, mostly to have some to give away to those in need. But COVID pretty much shut that down ... and now I'm barely making ends meet so don't have the spare money to give anymore.

[–] Nogami -3 points 6 months ago (1 children)

I never give out cash. It will be misused most of the time. I donate to charities or food banks instead.

[–] [email protected] 5 points 6 months ago* (last edited 6 months ago) (1 children)

I've lived on the streets. Cash allowed me to buy tampons and other things I needed.

Besides who am I to judge what someone needs. They know better than I do.

[–] Nogami -4 points 6 months ago* (last edited 6 months ago) (1 children)

Oh. Guess you are the exception. Good on you for escaping. Now you can give your cash, I’ll never be giving mine out to other than charities.

[–] [email protected] 2 points 6 months ago

The minute money becomes more important than people, it's a problem.

[–] [email protected] -2 points 6 months ago

Ok Pierre.