Food for thought
Imagine if disaster hits Singapore and power supplies is cut
If you do not have cash on hand and rely totally on electronic payment, then you are finished.
Worth pondering
Forward:
"The cashless society is difficult to face war and disaster" .
Japan's Hokkaido strong earthquake triggered a large-scale power outage, and Sapporo City instantly became the dark capital.
During this period, 1.95 million residents flocked to supermarkets and convenience stores to buy life supplies.
However, some of the victims who usually only use mobile phones have lost their ability to pay and can't buy what they need.
On September 6th, an anonymous discussion on the anonymous forum of the Japan Forum showed an article about crazy electronic payment.
"The Sapporo who only uses electronic payment is finished!" ", the article said:
I usually used to use Apple Pay (Pingguo pay), go out without a wallet, and very little cash.
In the early hours of the morning, after the strong earthquake, Sapporo suffered a large power outage.
He checked the refrigerator in his home and found that only milk and mayonnaise remained.
He rushed to the supermarket to buy living materials.
When he arrived at the supermarket, he found that he had no cash at all.
He took the iPhone with only 62% of the battery and looked at the Apple Pay screen on his mobile phone.
He felt uneasy.
When the queue cane around, the clerk told me that he could not use the electronic paying.
He can't use it anywhere else.
At seven o'clock that night, he sat alone at home, hungry.
Since the cash cannot be taken, the power has not recovered, and there is a feeling that everything is finished.
In February of this year, the Swedish central bank governor Stefan Ingves warned.
He said that the cashless society is unrestrained in the face of war or natural disasters, and the huge social and financial system will collapse in an instant.
“Payment function” is one of the four functions that money needs to have.
Cashless payment is just a supplement to the “payment function” because it can not be replaced by specific basic conditions (electricity, network, base station, etc.).
cash payment.
The Sapporo is still fortunate.
The earthquake gave everyone a lesson and can correctly understand cash payments and cashless payments.
If the large-scale war breaks out and there is a long-term disconnection or power outage, the encounter will be even more serious.
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