New Study Shows We’re Advancing Faster Toward a Cashless Society

Financial technology company FIS released a study on Wednesday, February 24, revealing that electronic payment transactions surpassed the use of cold, hard cash in 2020 for the first time ever. The ramifications of what they discovered can bring up some concerns that we are definitely moving toward the totalitarian system prophesied in Revelation 13 where the global government exercises strict controls on commerce, restricting it to those who take the mark of the beast. Not only has COVID-19 been used as a means for fearmongering to stymie the traveling habits, religious habits, employment opportunities, educational opportunities, and social gatherings of the masses, the FIS study shows it was also used to prompt people into using e-commerce transactions more and cash transactions much less.

FIS found that e-commerce transactions “grew at the fastest rate in five years, while usage of cash for in-store payments fell sharply” in 2020, thanks to the lockdowns and other coronavirus measures. Since stores in certain areas, like my city, mandated that cash payments could only be used if customers had exact change or cash payments being banned altogether (using the excuse that the US Treasury was on COVID lockdown), customers were left with no choice but to use electronic transactions. It led to a 10% drop overall in the use of cash inside stores. The drop was greater in Canada, Norway, Sweden, France, the UK, and Australia where cash transactions in stores dipped 50%.

The Asia-Pacific region leads the world in e-commerce, which accounts for 40% of their transactions. Worldwide e-commerce spending shot up 19% in 2020. At the present rate of e-commerce growth, FIS is predicting that by 2024, the use of cash in stores will occur less than 10% of the time. They also predict that by 2024, purchases in any type of setting using cards or cash-on-delivery will take place less than 40% of the time. According to FIS, “The global pandemic has brought a cashless future closer on the horizon.”

More often than not, e-commerce depends on the use of proprietary platforms and digital wallets like PayPal, Apple Pay, Samsung Pay, etc. For the past several years, we have seen how some of these platforms banned certain individuals or organizations from their platforms, like the NRA, Alex Jones, John Matzke (former CEO of Parler), et al. after they were smeared in the press for not having political views that liberals liked. Furthermore, we have seen time and time again how all electronic systems can be hacked, including the ones that maintain our funds. Given such scenarios, the control over who is allowed to purchase what on such platforms as well as the level of security protecting our finances should raise concerns for all of us since the present cancel culture we’re in may become much worse as socialist globalists work toward ending cash and setting up the ultimate cancel culture run by the beast and his false prophet in the future.

Be thou diligent to know the state of thy flocks, and look well to thy herds. For riches are not for ever… Proverbs 27:23-24

Lay not up for yourselves treasures upon earth, where moth and rust doth corrupt, and where thieves break through and steal: But lay up for yourselves treasures in heaven, where neither moth nor rust doth corrupt, and where thieves do not break through nor steal: For where your treasure is, there will your heart be also. Matthew 6:19-21

Source:

Digital Wallets Eclipse Cash Globally at Point of Sale for First Time During Pandemic, FIS Study Finds, Marketwatch.com, February 24, 2021.

 

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