China Is on Track to Fully Phase Out Cash
Found on Motherboard on Saturday, 13 May 2017
"Pretty much every shop, restaurant and bar accepts WeChat and/or Alipay these days," said Yuhan Xu, a 30 year-old Shanghai-based radio researcher who has used her smartphone to pay for almost all her purchases since early 2016. "Even a small pancake stall does that," she added. "I don't need to carry cash."
"The younger generation has never read a physical newspaper, and similarly in the future they'll never use cash."
Let's see a few days with the powergrid coming down, and people will very quickly miss the good old cash. That's a dream for every regime who wants to monitor everything the citizens do; and so it is not much of a surprise that especially China is going ahead.