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When the Lights Went Out: The Fragile Illusion of a Cashless Society


Yesterday Spain, Portugal and some parts of France was hit by a massive power cut. We had no phone lines, no internet, no payments, and no information. People panicked because they had no way to pay, no way to call for help, and no idea what was happening. 


Our good old friend, cash, came back to save the day.


Supermarkets took advantage, raising prices and "forgetting" to declare and tax some extra income, while the whole idea of a cashless society was shown to be dangerously fragile.


The entire idea of a safe cashless society collapsed.


 
 
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