4 ways cash is being disrupted by digital

first_img 13SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The push toward a cashless economy is already well underway in some parts of the world. India’s prime minister issued a ban on the largest currency notes late last year, for example. The result of that action was an 86 percent reduction in paper money.Other countries have embraced their own cash-free campaigns. Cork, Ireland, launched a three-month pilot project to become the country’s first cashless city. Likewise, Sweden, Belgium, Denmark and Norway are on their way to becoming less cash-centric nations.Cutting cash means consumers must find another way to pay. Digital payments quickly become a go-to option. The “Cork Cashes Out” initiative boosted digital payments by 522 percent. On the other hand, card transactions only saw a 17 percent lift.While cash in the U.S. isn’t going anywhere anytime soon, digital is shaking up the payments landscape. Below are a few ways cash payments are being disrupted by digital. continue reading »last_img read more

Serena Speaks on Police Violence

first_imgShe is the latest athlete to speak out about friction between law enforcement and the black community in the US.In Tuesday’s Facebook post, Williams, 35, wrote that she had asked her 18-year-old nephew to drive her somewhere so she could work during the journey.She said that when she saw a police car she “remembered that horrible video of the woman in the car when a cop shot her boyfriend”. “All of this went through my mind in a matter of seconds,” she added.Williams was apparently referring to the July 6 fatal shooting of Philando Castile, whose girlfriend live-streamed the confrontation with police in St Paul, Minnesota.The Grand Slam champ said she checked her nephew was not speeding so they would not get pulled over, and then regretted not having driven herself.“I would never forgive myself if something happened to my nephew,” Williams wrote. “He’s so innocent. So were all ‘the others.’”“I am a total believer that not ‘everyone’ is bad. It is just the ones that are ignorant, afraid, uneducated, and insensitive that is affecting millions and millions of lives.”Williams quoted Martin Luther King Jr, writing: “There comes a time when silence is betrayal.”She added: “I Won’t Be Silent”.Williams spoke out amid a wave of anti-police brutality sporting protests in the US, triggered after San Francisco 49ers quarterback Colin Kaepernick refused to stand for the national anthem.Some 214 black people have been killed by US police this year out of a total of 821 people, according to Black Lives Matter monitoring group, Mapping Police Violence.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Serena Williams has voiced her fears about police violence, writing on Facebook: “I won’t be silent.”The US tennis star posted that she found herself feeling wary of law enforcement during a recent journey with her teenage nephew.Williams said that when they drove by a patrol car she remembered a woman whose boyfriend was fatally shot by police.last_img read more