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    Global IT outage shows dangers of cashless society
    Futurology

    Global IT outage shows dangers of cashless society

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    1. atdoru on

      Campaigners say the chaos caused by the global IT outage last week underlines the risk of moving towards a cashless society.

      Supermarkets, banks, pubs, cafes, train stations and airports were all hit by the failure of Microsoft systems on Friday, leaving many unable to accept electronic payments.

      The impact was especially severe for businesses that no longer accept cash.

    2. zeaor on

      Sounds like the problem is not a cashless society per se, but a cashless society where the funds are controlled by central banks.

    3. SevereCalendar7606 on

      Crypto kept working fine. Cashless works as long as it’s decentralized.

    5. ptolemy18 on

      For this to be true, businesses would have to be able to function entirely without any computers, i.e. inventory systems, ringing up sales, payroll, etc. If the outage had lasted more than a few hours, anything larger than your local bodega is going to have a bad time.