This is so blatantly false, IDK how any Dane could believe this???
We do absolutely have cash, and it’s legal tender, which means cash can’t be refused as payment.
Except we also have an anti corruption law, which states we can’t make cash payments above $3000.
So that’s kind of weird?
I imagine OP isn’t saying that there literally is no such thing as cash in Denmark but something more nuanced like “cash is becoming rare.”
No idea about Denmark’s laws but there are companies (edit: I mean “countries” not companies) where cash is yes still the legal tender but payment at some businesses can only be made cashless. Denmark may have a law stating businesses must accept cash, but you can certainly have systems where cash is legal tender but some businesses will not accept it.
you can certainly have systems where cash is legal tender but some businesses will not accept it.
Not by normal laws, legal tender means you have to accept it. It’s not just that it’s not illegal to use. Credit cards for instance are NOT legal tender, meaning a business does not have to accept them, but you can use them almost everywhere.
Yes, I think that’s just a matter of time, what government can refuse the ability to follow all money transactions?
Of course we have privacy regulation, and especially regarding banks for some reason. But it only takes a court order to get it anyway.
It will soon be very difficult to have illegal money, without a digital footprint.
Cash is still king for me for whatever reason.
Cash is just inconvenient IMO, before mobile pay we used it privately with friends and trading 2nd hand. But it’s been years since I’ve used cash at all, although I still carry around the equivalent of $100. Just in case of being stranded somewhere, and there are disruptions of digital payments.
Dane here.
Indeed it’s essentially impossible to minimise your digital footprint because there is no cash.
And, what if the US block MasterCard and visa in Europe?
They have their own national credit card provider, DanKort.
This is false. Cash still exists and can be used in a wide range of businesses. It may not be the norm, but it definitely still exists.
This is so blatantly false, IDK how any Dane could believe this???
We do absolutely have cash, and it’s legal tender, which means cash can’t be refused as payment.
Except we also have an anti corruption law, which states we can’t make cash payments above $3000.
So that’s kind of weird?
I imagine OP isn’t saying that there literally is no such thing as cash in Denmark but something more nuanced like “cash is becoming rare.”
No idea about Denmark’s laws but there are companies (edit: I mean “countries” not companies) where cash is yes still the legal tender but payment at some businesses can only be made cashless. Denmark may have a law stating businesses must accept cash, but you can certainly have systems where cash is legal tender but some businesses will not accept it.
Not by normal laws, legal tender means you have to accept it. It’s not just that it’s not illegal to use. Credit cards for instance are NOT legal tender, meaning a business does not have to accept them, but you can use them almost everywhere.
https://en.wikipedia.org/wiki/Legal_tender
And just in case you think I’m BS’ing here is an actual government policy explicitly stating that stores can refuse cash payments
https://www.mas.gov.sg/contact-us/faqs/currency-faqs
Eh OK so Singapore have rules that are different. But as I clearly linked, that is not the “normal” definition.
I do agree it’s “not normal,” especially in the West. It does seem to be significantly more common across Asia.
And I suspect it’ll become more common across the West.
And I hate it. Cash is still king for me for whatever reason.
Yes, I think that’s just a matter of time, what government can refuse the ability to follow all money transactions?
Of course we have privacy regulation, and especially regarding banks for some reason. But it only takes a court order to get it anyway.
It will soon be very difficult to have illegal money, without a digital footprint.
Cash is just inconvenient IMO, before mobile pay we used it privately with friends and trading 2nd hand. But it’s been years since I’ve used cash at all, although I still carry around the equivalent of $100. Just in case of being stranded somewhere, and there are disruptions of digital payments.