08-02-2023, 06:15 PM
(08-02-2023, 02:43 PM)taylortbb Wrote: I think open payment systems, letting people just tap their credit/debit card, would the logical evolution. Anything else has too many issues.
I'm not in that demographic, but there is a demographic of people who don't have cards. Probably more in the US, less in Canada, and almost zero in NZ ("the unbanked"). Come to think of it, I do not remember seeing any payday lending in NZ, but that's a different topic.
In Auckland it is impossible to get on the bus and pay cash. You can take the train (another reason trains > buses unless you are actually doing LRT right) but you can't take the bus. This can be really annoying; with open payment less so, unless you don't have a credit/debit card.
Probably these days if we went to China we'd all be in the "unbanked" category, with the prevalence of electronic payments...