Source – CNN Money
MasterCard wants to ditch the old-fashioned password and use selfies to approve online purchases.
The company announced it is launching new mobile technologies that will allow customers to authenticate their online purchases using selfies or fingerprints.
The technology will be rolled out by big banks in the U.S., Canada, the U.K. and some European countries over the next few months. Continue reading “Mastercard launching selfie payments”
Source Government bureaucrats, central bankers, and Wall Street executives all have their own reasons for hating the cash in your wallet. So, no surprise, they are working closely together to rid you of it. The war on cash is intensifying and bullion investors are wondering what the transition to a “cashless society” might mean. We’ll cover that, but let’s first recap why these organizations are, … Continue reading The Escalating War on Cash and What It Means For Metals
Source Austrians should have the constitutional right to use cash to protect their privacy, Deputy Economy Minister Harald Mahrer said, as the European Union considers curbing the use of banknotes and coins. “We don’t want someone to be able to track digitally what we buy, eat and drink, what books we read and what movies we watch,” Mahrer said on Austrian public radio station Oe1. “We will … Continue reading Austrians Need Constitutional Right to Pay in Cash, Mahrer Says
Source – AFP via Global Post
Here’s another use for the smartphone as it invades daily life: in place of your debit card at your bank cash machine.
The “cardless” automatic teller machine (ATM) is gaining ground in the US and around the world, with smartphone technology allowing for speedier and more secure transactions.
Dozens of US banks are installing new ATMs or updating existing ones to allow customers to order cash on a mobile application and then scan a code to get their money without having to insert a bank card. Continue reading “Smartphones to replace cards at bank machines”
Source – Liberty Blitzkreig The war on cash has been in the works for a very, very long time, but the propaganda campaign to convince an always gullible public to accept the scheme seems to have been hatched in earnest late last spring. For example, here are a few excerpts from the post, Martin Armstrong Reports on a Secret Meeting in London to Ban Cash: Martin Armstrong … Continue reading Latest Version of Monopoly is Called “Ultimate Banking” and is Completely Cashless
The coming brave new world may also be a fragile one.
As most of the Western world is pushed into abandoning cash and embracing a fully digital cashless grid, it is apparent how vulnerable populations will become in times of crisis.
If the power grid were to go down in a storm or an attack, it is readily apparent that the system of commerce would go down with it; payments would stop and desperate people would line up for help. Those with their own supplies, barter items and physical commodities will remain the most comfortable, but the very fabric of society could come unglued. Continue reading “Cashless Crisis: “With Digital Payments, Civilization, Comes to An End Until Power Is Restored””