Cashless Society: Convenience or Privacy Risk?

Concerns grow over a cashless society and its impact on financial privacy. A recent video by profitstride highlights the potential downsides of eliminating cash, arguing that it would increase the power of banks and reduce individual privacy. He states, "If they remove cash, your financial privacy disappears." Profitstride suggests alternative banking solutions in countries with stronger privacy protections, such as Germany and the US, to mitigate these risks. While a cashless society offers convenience, the trade-off in terms of privacy and control warrants careful consideration. The debate continues on the balance between technological advancement and individual liberties.