Is Ireland becoming a cashless society? - Newstalk
Daragh Cassidy discusses whether Ireland is moving towards a completely cashless society on Newstalk. During the interview, he lists the various pros and cons associated with using cash and card bank payments.
The key points from the interview:
- Dún Laoghaire-Rathdown County Council’s decision that the Sandy Cove Avenue West public toilets will change from coin to contactless payments by the end of November has sparked a debate on whether Ireland is heading toward a cashless society.
- Some councillors are worried that this decision will isolate certain groups who prefer to use cash over card payments, such as the older generation.
- However, Daragh believes Ireland is moving towards a less cash-reliant society, rather than a cashless one.
- Ireland is writing 20 million cheques a year, this equates to 4 cheques being written for every man, woman and child in Ireland.
- The benefits of using increased card payments include:
- Better hygiene
- Increased safety for businesses as they are less likely to be burgled as they don’t have as much money on the premises
- Increased safety for consumers as they don’t have to carry large quantities of cash on them
- Making it harder to commit tax evasion
- Making it more difficult to launder money
- The ability to track your money easier with the use of apps
- However, overspending is easier to do when using card payments rather than cash-based ones.
- Find out more about whether Ireland is moving towards a cashless society here.
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