Excerpt: RIP Cash? A Sequel to the "Killing Cash" Conference
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Uploaded by TheFletcherSchool on Nov 8, 2011
http://fletcher.tufts.edu/CEME
The Fletcher School at Tufts University, Center for Emerging Market Enterprises (CEME) welcomed Ajay Banga, President & CEO of MasterCard Worldwide, to discuss his declared views on a cashless society and CEME's ongoing research into the cost of cash and financially inclusive cash alternatives. Fletcher's Senior Associate Dean of International Business and Finance Bhaskar Chakravorti and CEME Senior Fellow for Inclusive Growth Kim Wilson hosted a dialogue with Mr. Banga, exploring key issues of worldwide cash use, international and emerging market expansion, the nature of innovation, and the future of global payments.
This event was held October 28, 2011 at The Fletcher School at Tufts University in Medford, MA.
fletcher.tufts.edu
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Considering fractional reserve banking and other aspects of banking, this could damn well be another idea to make a buck out of the average joes out here, but hey isn't that their job? oh and btw I'm also a Sikh haha
themackdaddyyy 1 month ago
Ajay has a point on the transaction of the exchange of cash for drugs, guns and other illegal activity domestically and also beyond our jurisdiction but my problem with this type of proposal is giving the banks a complete or at least a disproportionate control over cash that is ours. If the ratio was bigger for electronic transactions than cash transactions, banks could have a heavy influence on where, when and how we can even use our cash.
themackdaddyyy 1 month ago