The Rise of Cashless Banks (And What To Do About It)

The Rise of Cashless Banks (And What To Do About It) By J.P. Koning For centuries bank deposits have come with a comforting guarantee. Depositors have always been able to quickly convert them at par into cash. But this guarantee is slowly being eroded. Banks in Canada, Ireland, Australia, Denmark, and Sweden are closing full-service branches and adopting a less-staffed “cashless bank” model. In a cashless branch, customers can no longer deposit or withdraw cash over the counter. The next step will be when banks remove their external ATM machines…

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CIBC, A Huge Canadian Bank, Was Offline All Day, Proving Again The Dangers of a Cashless Society

CIBC, A Huge Canadian Bank, Was Offline All Day, Proving Again The Dangers of a Cashless Society By Daisy Luther Yesterday, CIBC reported a “systems issue” that prevented customers from logging in to their accounts online for the entire business day. CIBC, the Canadian Imperial Bank of Commerce, is one of the five biggest banks in Canada. Yesterday just happened to be the day that people receiving welfare, unemployment benefits, social insurance payments (like American social security), Canada Pension payments, and disability payments landed in the accounts of recipients. Customers…

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3D Printed Guns for Everyone, Ross Ulbricht Petition Denied, Cashless Backlash and Other News of the Week

3D Printed Guns for Everyone, Ross Ulbricht Petition Denied, Cashless Backlash and Other News of the Week By corbettreport Welcome back to #NewWorldNextWeek – the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news. This week: Story #1: Ross Ulbricht Denied Supreme Court Hearing https://bit.ly/2JepNzf If Trump Really Wanted to Fight the Deep State, He’d #FreeRoss https://bit.ly/2NNpnTY Lyn Ulbricht Updates Us On Ross Ulbricht (Jul. 11, 2017) https://bit.ly/2up5Xvz If Ross Ulbricht Is Not Free, Then You Are Not…

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