The Future of Banking: Cashless Society & Digital Currency Debate

In this thought-provoking podcast clip, we dive into the debate around the future of banking, cashless societies, and the rise of digital currencies like Central Bank Digital Currency (CBDC). We discuss the impact of banks closing branches and the increasing reliance on digital transactions, touching on the convenience, security, and potential downsides of a cashless world.

Our conversation delves into the potential resurgence of private ATM businesses and the importance of considering transaction fees in a digital economy. We also share our thoughts on government control over digital finances and the implications of recent events like the freezing of funds during the Canadian Freedom Convoy. Finally, we debate the merits of using credit cards vs. debit cards, and the value of cash in today's rapidly evolving financial landscape.

Don't miss this engaging discussion on the future of money and the potential consequences of a cashless society. Join the conversation by subscribing to our channel, hitting the like button, and leaving a comment about your thoughts on cashless societies and digital currencies.