According to the central bank, 66.5 per cent of people in rural areas were already using digital payments by 2017, but that compared to 76.9 per cent in the country as a whole.
Among the benefits listed by promoters of the switch to cashless payments are that they speed up transactions, reduce business risks, and cut the opportunities for criminals to cheat others.
Logically, it would eradicate the theft of cash, and counterfeiting.
It’s a terrible idea, I cashless society. Dan Bongino has covered this quite well.
Of course, it will also further the crippling social control network that the CCP (aided by western IT firms) is presently implementing.
Get uppity? Get out of line with the CCP? Turn off their cash and credit cards.