Irish Banks pushing for Cashless Banking?


#327

That makes sense now that you mention it.


#328

My oil boiler is rated at 800w. I’m not kidding, between the oil pump, the water pump, the fan, the burner and the ignition system it can use that apparently. It’s a forgotten saving that you achieve when you install a wood burning stove - your electricity bill goes down too.

800w is a lot when you consider a 3 bed semi probably uses 150w for lighting if every bulb in the house in on, 800w is also about a third of the current used by a kettle.


#329

Flying Brussels to Heathrow this morning with BA and the in-flight service doesn’t accept cash…


#330

Not-for-profit Sparkasse banging on our door trying to get in. It’s up to our politicians, on a german junket, if they want to shake up our “dysfunctional market”
10yr mortgage at 1.1%? - No thanks, we’re Irish.


#331

In Shanghai last week I got to see the Alipay and Wechat integration in action, cash is 99% gone. Also saw a fast food restaurant with no till’s - QR codes printed on the tables beside each menu item, you scan the code for the item you want, it’s paid for through alipay and a staff member takes it from the kitchen a few minutes later to your table - no epos of any kind in the building.


#332

2018 Apple shareholders meeting highlight.

:nin


#333

He’ll probably see it in Ireland if FF get back in again :smiley:


#334

What’s the going rate for bundles of sticks to a heavy pig?

:-GC


#335

The Swedes who are pioneers of the cashless idea are having second thoughts as they closer to going cashless. The main points are that going cashless leaves the system in the hands of private organisations e.g VISA and Mastercard and if a part of their country was invaded by say Russia that it shut down the cashless system, install it’s own, rob what’s there.


#336

Debit card transactions overtook cash transactions in the UK last year for the first time, and over 40% of the card transactions were contactless.

theguardian.com/business/20 … first-time

bbc.com/news/business-44496513


#337

FBI warns of imminent hack attack on ATM machines worldwide
Bank ATMs around the world are at risk of an “imminent” cyber attack with millions of dollars expected to disappear from accounts.
The criminals are reportedly planning to hack a bank or payment card processor and use cloned cards at cash machines around the world to withdraw millions of dollars in few hours.


#338

RT,com, are there any other sources for that “scoop”.


#339

CNN, Telegraph, Independent, USAToday, CBSNews, ABCNews reporting the FBI warning

BBC - M&S hit by card processing problems


#340

#341

We have fully outsourced our money, in a final symbolic move. The high cost of printing money
rte.ie/news/business/2019/0308/1035096-central-bank-printworks/


#342

IMHO, that’s a sad sign. The old Irish nature themed pre-euro coinage was amazing . Simple, beautiful and unpretentious.

Interestingly, the 1 & 2p are particularly special in the ornate detail of their design.

en.wikipedia.org/wiki/Coins_of_the_Republic_of_Ireland
historyireland.com/20th-century-contemporary-history/devilish-devices-or-farmyard-friends/


#343

Hopefully they bring it in by helicopter. Next time the economy tanks they can save on landing charges too.


#344

Even the relatively benign and considerate Post office are axing ATMs in the UK at this stage


#345

https://www.ecb.europa.eu/home/html/index.en.html

Digital euro: have your say!

Like the euro we already use every day, the design of a digital euro should meet the needs of a broad range of users. That’s why we want to hear the views of the public and of all interested stakeholders on the benefits and challenges of issuing a digital euro and on its possible design.

Take part in the public consultation


#346

I’ve signed up for that survey, the article suggests the ECB are considering issuing a crypto coin that they would back.