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Cashless Society Explained

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Cashless Society Explained

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Author : IntroBooks Team
language : en
Publisher: IntroBooks
Release Date : 2020-06-07

Cashless Society Explained written by IntroBooks Team and has been published by IntroBooks this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-06-07 with Business & Economics categories.

A cashless society defines an economic environment in which financial transactions are not performed through money by way of bank currencies or coins, but rather by exchanging digital data (typically an electronic expression of money) between the transacting parties. Cashless societies have had come into being since the time of the evolution of human civilization, based on barter and other trading practices, and cashless transfers have now become viable in modern times, leveraging digital currencies, including bitcoin. However, one tends to explore and focus on the concept of a cashless society in the context of moving towards a society where cash is substituted by its digital counterpart, i.e., legal tender money, which is captured, and only transmitted in digital electronic format. Such a theory has been discussed at length, notably as the world is undergoing a substantial and phenomenal use of digital ways of capturing, controlling, and transacting in trade, investment, and day to day life in several parts all across the globe and transactions that would have traditionally been conducted with cash are now often executed electronically or digitally.

The Cashless Society

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Author : Robert A. Hendrickson
language : en
Publisher:
Release Date : 1972

The Cashless Society written by Robert A. Hendrickson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Business & Economics categories.

A World Becoming Cashless Description And Analysis

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Author : Henrik Fürst
language : en
Publisher: GRIN Verlag
Release Date : 2017-02-15

A World Becoming Cashless Description And Analysis written by Henrik Fürst and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-15 with Business & Economics categories.

Seminar paper from the year 2014 in the subject Economics - Finance, grade: 10,0, University of Southern Denmark, language: English, abstract: The history of the evolution of money also shows how the human beings developed itself on a mental way. Starting with a so called "Barter economy" where for example animals like cows and sheep where used as kind of "currency" or rather "exchange product", years later going over to using shells as currency and finally ended up with money as we know it today, as paper- and metal-money. As mentioned, bartering where a common way of "paying", which basically means, that to receive some goods, you had to give some other goods. To avoid disagreements of the value of different goods, commodity money was invented. Commodity money were daily goods, like salt. That some commodity goods brought problems like the size or defensibility, was found out later. The Lydian's were the first folk, who invented coins. Decades later the Chinese were the first ones, who invented paper money. This invention of coins, named commodity money, quick became a worldwide used item. From now on, a "customers" needs could easier be fulfilled, since there was something that had a certain value. By inventing the first representative money, the society especially in Europe where allowed to enter a totally new era. Banks created the first so-called currency market, international trade activities where possible and the value of a countries currency depended on its political behavior. During the 17th century, commodity money slowly got replaced by representative money, since global bank and trade networks were steadily increased. Representative money is in form of paper bills or guarantees of the bank. Later the value of money for the first time was tied up to gold, the gold standard. Since the economy kept on growing, representative money got replaced by fiat money. Enforceable legal tender laws have been made, which basically means that the money's value is given by the governments decree and fiat. Free capital was invented. The growth of economic sectors was significantly fostered by this invention, but also the chance to make debts.

Building A Cashless Society

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Author : Niklas Arvidsson
language : en
Publisher: Springer
Release Date : 2019-02-22

Building A Cashless Society written by Niklas Arvidsson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-02-22 with Business & Economics categories.

This open access book tells the story of how Sweden is becoming a virtually cashless society. Its goal is to improve readers’ understanding of what is driving this transition, and of the factors that are fostering and hampering it. In doing so, the book covers the role of central banks, political factors, needs for innovation, and the stakeholders involved in developing a cashless ecosystem. Adopting a historical standpoint, and drawing on a unique dataset, it presents an academic perspective on Sweden’s leading role in this global trend. The global interest in the future of cash payments makes the Swedish case particularly interesting. As a country that is close to becoming a cashless economy, it offers a role model for many other countries to learn from - whether they want to stimulate or reduce the use of cash. This highly topical book will be of interest to politicians, researchers, businesses, financial service providers and payment service providers, as well as fintech start-ups, regulators and other authorities.

The Book Of Payments

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Author : Bernardo Batiz-Lazo
language : en
Publisher: Springer
Release Date : 2016-12-04

The Book Of Payments written by Bernardo Batiz-Lazo and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-04 with Business & Economics categories.

This book examines the nature of retail financial transaction infrastructures. Contributions assume a long-term outlook in their exploration of the key financial processes and systems that support a global transition to a cashless economy. The volume offers both modern and historic accounts that demonstrate the constantly changing role of payment instruments. It brings together different theoretical approaches to the study, re-examining and forecasting changes in retail payment systems. Chapters explore a global transition to a cashless society and contemplate future alternatives to cash, cheques and plastic, featuring the perspectives of academics from different disciplines in conversation and industry participants from six continents. Readers are invited to discover the innovation in payment systems and how it co-evolves with changes in society and organisations through personal, corporate and governmental processes.

Building A Cashless Society

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Author : Niklas Arvidsson
language : en
Publisher:
Release Date : 2020-10-08

Building A Cashless Society written by Niklas Arvidsson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-08 with Business & Economics categories.

This open access book tells the story of how Sweden is becoming a virtually cashless society. Its goal is to improve readers' understanding of what is driving this transition, and of the factors that are fostering and hampering it. In doing so, the book covers the role of central banks, political factors, needs for innovation, and the stakeholders involved in developing a cashless ecosystem. Adopting a historical standpoint, and drawing on a unique dataset, it presents an academic perspective on Sweden's leading role in this global trend. The global interest in the future of cash payments makes the Swedish case particularly interesting. As a country that is close to becoming a cashless economy, it offers a role model for many other countries to learn from - whether they want to stimulate or reduce the use of cash. This highly topical book will be of interest to politicians, researchers, businesses, financial service providers and payment service providers, as well as fintech start-ups, regulators and other authorities. This work was published by Saint Philip Street Press pursuant to a Creative Commons license permitting commercial use. All rights not granted by the work's license are retained by the author or authors.

Trust The Cashless Society Mr Big Wealth 2023

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Author : MR. BIG WEALTH
language : en
Publisher: MR. BIG WEALTH
Release Date : 2023-12-07

Trust The Cashless Society Mr Big Wealth 2023 written by MR. BIG WEALTH and has been published by MR. BIG WEALTH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-07 with Social Science categories.

Step into the future of finance with Mr. Big Wealth. Join the cashless revolution today! 💸🌍 #cashless #mrbigwealth #futureofmoney ____ Transactions, the concept of a cashless society is becoming more and more relevant. Introducing MR. BIG WEALTH: CASHLESS SOCIETY NEWS REPORT, a comprehensive report that delves into the compelling case for embracing a cashless society. This report is your ultimate guide to understanding the benefits and challenges associated with transitioning from traditional cash-based transactions to digital alternatives. Unleashing the Future: The Compelling Case for a Cashless Society explores the positive impact that a cashless society can have on individuals, businesses, and economies. From increased convenience and security to enhanced financial inclusivity, this report showcases how embracing digital transactions can revolutionize the way we interact with money. With insightful analysis, expert opinions, and real-life examples, MR. BIG WEALTH: CASHLESS SOCIETY NEWS REPORT equips you with the knowledge and understanding needed to navigate the ever-changing financial landscape. Stay ahead of the curve and make informed decisions about your financial future. Join the movement towards a cashless society and unlock the potential of digital transactions. Order your copy of MR. BIG WEALTH: CASHLESS SOCIETY NEWS REPORT today and embrace the future of finance.