How to Switch to Cashless Payments in the Arab World

Here’s How a Cashless Society Will Impact the World - LewRockwell

Pluto9999 wrote: Hi Lew Although a true “cashless” society would indeed be a hardship, Mr Barnes prediction of everyone actually having to contract electronically is shortsighted, in that he minimizes the power of the free – or in this case – the black market.  Despite the enormous waste of resources to combat the drug trade, it still hums along, avoiding most crackdowns.  In a “cashless” society that same power will be unleashed in providing pe…

How to Switch to Cashless Payments in the Arab World

When you go to a crowded café in Cairo or a gaming lounge in Riyadh, you are likely to see people swiping their fingers. No bills or coins are needed. Everything can be done with a swipe. Payment methods are drastically changing alongside the global decrease in cash and increase in expenditure. While the Arab world has tended to prefer cash for payments, the region is shifting toward modern digital payments. This transformation is driven by metr…