A Cash-Free Society
Rowman & Littlefield (Verlag)
978-1-4422-2742-2 (ISBN)
Information technology is changing the world through automation, by bypassing middlemen and by digitization. We see dramatic effects today in the music industry, going from CDs to streaming, in newspapers, from paper to online, and in the banking industry, from branch offices to the Internet. One of the most fundamental changes is the replacement of physical cash, money and coins, by bits in a computer.
A Cash-Free Society is about this dramatic change. It shows the advantages and disadvantages and discuss how we – consumers, businesses and the society -can prepare for a new world where cash is no longer king. Banks are closing down branch offices and removing cash services. Customers wishing to withdraw money as cash are directed to ATMs. But the number of ATMs is declining. Mobile payments, either for paying bills or for person to person transactions will be the last nail in the coffin for cash
.
These changes are fed by the overwhelming advantages, both for consumers and businesses, to electronic payments. In the countries that lead this transition to a digital economy, Iceland, Norway, Sweden and Denmark, nearly all transactions, both in volume and number, are digital. Today less than 3 percent of consumer payments are in cash in Norway. Though there are some disadvantages, there are clear benefits: cheaper transactions, less crime, simpler tax processing and it will become more difficult to operate in the black-market economy.
Kai A. Olsen-- Professor, Molde University College (Associate professor from 1982, full professor from 1993); adjunct professor at Department of Informatics, University of Bergen (1993 - ), adjunct professor University of Pittsburgh (1995 - ). Professor Olsen is widely published in the journal literature particularly dealing with a range of issues in eBusiness. He has been interested, and written about, the cashless society for many years and has had many articles published in the press and has been interviewed often on the subject. A book on this topic by someone with the professional respectability of Olsen promises to be reviewed broadly and have relatively high sales.
Preface vii
1. Moving to a Digital World 1
Part One – Computer Applications 7
2. Computer Applications 9
3. Complex Computer Applications 25
Part Two – The Cash-free Society 41
4. Money 43
5. Uncle Joe’s Island 53
6. From Analog to Digital 57
7. Fundamentals for a Digital Economy 65
8. Infrastructure for Digital Payments 71
9. Digital Payments 81
10. Internet Banks 87
11. Virtual Currencies 93
12. Advantages of a Digital Payment System 101
13. Disadvantages of a Digital Payment System 111
14. Case: Norway 123
15. New Systems 141
16. The Cash-free society 147
Index 153
About the author 157
| Erscheinungsdatum | 22.08.2018 |
|---|---|
| Verlagsort | Lanham, MD |
| Sprache | englisch |
| Maße | 159 x 236 mm |
| Gewicht | 390 g |
| Themenwelt | Sozialwissenschaften ► Soziologie |
| Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft | |
| ISBN-10 | 1-4422-2742-7 / 1442227427 |
| ISBN-13 | 978-1-4422-2742-2 / 9781442227422 |
| Zustand | Neuware |
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