this post was submitted on 14 Nov 2024
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Cashless society, forced banking, and the War on Cash

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In many regions people are being forced patronize banks. This community is for that discussion regardless of which side of the war on cash you are on.

The war on cash is war on privacy.

related communities (decentralized only)

closely related:
☠ !cashless_society@nano.garden (ghost node) ← only reachable from instances that federated to that community before nano.garden disappeared

loosely related:
!offgrid@slrpnk.net
!climate_action_individual@slrpnk.net
!fightforprivacy@feddit.ch
!personalfinance@sopuli.xyz
!right_to_unplug@sopuli.xyz

founded 10 months ago
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activistPnk
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Bank bounced someone for being disloyal, then asked for a favor b/c a new customer inherited the phone number of the person they booted (bank s/w could not handle it) (veganism.social)
submitted 2 months ago* (last edited 2 months ago) by activistPnk to c/cash
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Great story!

The preview text is a mess -- I suggest visiting the link.

The elephant in the room is the injustice of banks mandating disclosure of phone numbers (thus excluding people without phones and people who have a healthy objection to sharing their phone number with businesses). Then the fact that phone numbers are used as human identifiers. That bank is likely vulnerable to theft with their reliance on phone numbers as a unique identifier.

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