Here, I’m talking FinTech specifically, but this applies to most other industries, too…
There’s a (very large, publicly-owned) transaction platform and online payment provider shutting down in Australia, next month. It started in 2006, and was useful because it allowed you to avoid card surcharges and bank fees. It was particularly useful for large, instant payments like for flights.
Why is it shutting down? Not because of a security breach, or any issues within the product itself, but because the Big 4 banks here want to kill off their competition, and have forcibly removed the ability for their customers to use the service. They then followed this up with relentless paid propaganda around “security” and how the system is “outdated, so use our in-house product instead”.
I encountered something similar from my bank, recently, while looking at overseas travel cards…
Yet millennials and zoomers lap up the propaganda, just like they do against cash, and think that anyone who still uses these products is a “tech illiterate boomer”. They actively called for the banning of the service I mention, because their banks told them “It bad. Trust us instead.”
Yet these same stupid fucks will happily sign all their private info and banking over to social media companies and shitty crypto exchanges, because “tech”, and shiny new thing, so must be good…
The Kool Aid sure is strong, with my generation and younger, smh… 😑
Can’t wait until we all get de-banked for not being woke enough, and then have no alternatives because we allowed them to develop monopolies on our finances, lol…
Cashless society is coming to much of the west. The newer generations don't see the point of cash anymore and the brainwashing is nearly complete.
It will be a quaint relic in third world countries, but then it will also become a black Market for those who don't have access otherwise or illicit business.
Dark times are ahead, but probably we will be all dead before then.
Only criminals use cash.
Only criminals hide their social media profiles.
Only criminals don't post their faces online.
Government is a small percentage of the population, so they recognize it takes the masses themselves to turn on independent thinkers.
Mostly agree, except I don't think it's "the government" in the driver's seat, mostly because they are too incompetent to do so.
Imo it is driven by ideologue billionaires who fancy themselves gods...Soros, Fink, et all. They do have the intelligence and capacity for large long term projects and the resources to carry it out. The actions you see from the government originate with them, as they hold much of the debt/interest as well as stock ownership.