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How Close Are We to a Cashless Society?

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Transactions made in cash are losing ground to digital payments, and governments around the world are considering the merits of losing paper currency for good. Bloomberg QuickTake Q&A explains the advantages and disadvantages of a world without cash. Video by Henry Baker----------Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_... Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on...Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbus... Instagram: https://www.instagram.com/bloombergbu...

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News bloomberg wall street business news Cashless Venmo Paypal Bitcoin cryptocurrency regulations finance banking checking account Quicktake Q&A money Sakshi Urdu urdu story word advice account report message data rumor hearsay telegram tidings dispatch telecast scandal leak telling copy cable recital scoop release bulletin exposé lowdown silence truth history admonition advisement advocacy aid bum steer caution charge consultation counsel directions dissuasion encouragement exhortation forewarning guidance help information injunction input instruction judgment lesson news opinion persuasion prescription proposal proposition recommendation steer suggestion teaching telltale tip tip-off two cents' worth view warning word to the wise advertisement briefing broadcast broadcasting communication communiqué disclosure dissemination divulgence edict exposing exposition expression intimation narration notice notification prediction promulgation publication publishing recitation reporting revelation statement announcement break calendar flash handout hot wire item list news flash program skinny the dope what's going down what's happening comment cry grapevine rumble scuttlebutt talk whisper conversation converse declaration directive excerpt goods hot story ideas info inside story intelligence language missive note pipeline poop prophecy précis publicity speech summary translation utterance work buzz intimate intelligence juicy morsel the lowdown dirt NEWS grand eminent exalted lofty lordly pompous regal stately superb undignified august conventional imposing liturgical mannered ritualistic solemn studied stylized adulatory affable aristocratic ceremonious chivalrous civil civilized complimentary cultured decorous dignified elegant flattering formal gallant gracious high-bred obliging polished polite preux prim refined urbane courtly distinguished distingué grave great highbrow highfalutin' imperial imperious magisterial magnificent nifty noble proud reserved respected 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be fixed be found be interred be level be located be on be placed be seated be smooth belong beset extend have its seat in occupy reach spread stretch be alive draw breath get along get by have life lead maintain make it remain alive act as act as broker act for act in place of appear as assume the role of be agent for be attorney for be proxy for betoken body buy for copy correspond to do business for emblematize embody enact epitomize equal equate exemplify exhibit express factor hold office imitate impersonate mean perform personify play the part produce put on reproduce sell for serve serve as show speak for stage stand for steward substitute typify consist represent Ares ares Are cashless nation world public zoo jungle hate club league group network union circle clan tie-up guild coterie hookup clique outfit tie-in gang ring order division elite flower quality gentry jet set gentility haut monde high society nobility noblesse patricians patriciate peerage society upper class upper crust affiliation alliance band bunch coalition combination combo company confederacy confederation congress cooperative corporation crew crowd family federation fellowship fraternity mob organization partnership pool rat pack sodality sorority syndicate tribe troops troupe assembly association bevy body cluster collection corps covey gathering horde menagerie party troop array batch bundle clump lot majority mass multitude parcel set throng community comradeship kinship chapter communion congregation connection creed cult denomination doctrine faction faith ism persuasion religion schism sect aristocracy brotherhood church Society bloomberg Bloomberg stock market Wall Street exploited for profit investment materialistic mercenary monetary money-making pecuniary profitmaking venal curb market net network over the counter stock exchange store the Big Board the Street American Stock Exchange Amex Big Board Chicago Board of Trade Dow Jones NASDAQ New York Stock Exchange board bourse commodities exchange futures exchange the market OTC exchange commercial wall street wallstreet bar fence dam screen facade side block hurdle stop bank panel levee curb inside middle aid help barricade blank wall clog deterrent encumbrance hindrance impediment obstacle obstruction pale rail railing restraint road block snag stumbling block traverse wall blockade bolt caulk close deadbolt dike fasten jam latch lock plug seal secure trammel barrier bulwark palisade rampart roadblock stockade bound boundary confines curtain ditch enclosure fortification gully limit moat trench blockage chunk mass stoppage closure embolus encirclement infarct infarction restriction siege walls Wall lane court track route trail place road avenue drive drag way turf artery stroll row byway ZIP code abode box number direction domicile dwelling headquarters home house living quarters location lodging number place of business place of residence street whereabouts chatty common conversational demotic dialectal 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enterprise flurry force functioning going happening haste hoopla hopper in the works life liveliness motion movement occupation operation plan power process proposition reaction response rush scene spirit stir stunt trip turmoil vigor vim vitality vivacity arrangement bond compact contract convention covenant engagement negotiation pact pledge promise stipulation treaty understanding art day gig employment gig handicraft hang life's work lifework metier mission nine-to-five play province rat race slot swindle vocation walk of life IRA cash estate finances financing fortune funds gold interests investment kitty means money nest egg principal property resources savings stake stock substance treasure ways and means wealth wherewithal action bargain capital Business coochy cootch crotch hoo ha tootie cool great awesome sweet radical synonyms crime. antonyms honest work job living clean. story word advice account report message data rumor hearsay telegram tidings dispatch telecast scandal leak telling copy cable recital scoop release bulletin exposé lowdown silence truth history admonition advisement advocacy aid bum steer caution charge consultation counsel directions dissuasion encouragement exhortation forewarning guidance help information injunction input instruction judgment lesson news opinion persuasion prescription proposal proposition recommendation steer suggestion teaching telltale tip tip-off two cents' worth view warning word to the wise advertisement briefing broadcast broadcasting communication communiqué disclosure dissemination divulgence edict exposing exposition expression intimation narration notice notification prediction promulgation publication publishing recitation reporting revelation statement announcement break calendar flash handout hot wire item list news flash program skinny the dope what's going down what's happening comment cry grapevine rumble scuttlebutt talk whisper conversation converse declaration directive excerpt goods hot story ideas info inside story intelligence language missive note pipeline poop prophecy précis publicity speech summary translation utterance work buzz intimate intelligence juicy morsel the lowdown dirt NEWS PayPal paypal Paypal bitcoin Bitcoin cryptocurrency regulation Regulation banking economics business commerce money accounts support back fund bankroll sponsor promote float stake juice endow bank go for pay for refuse reject hurt take abet abide by advocate ally angel assist boost champion countenance encourage endorse favor finance give a boost give a leg up give a lift go to bat for grubstake sanction second side with stand behind stick by stick up for subsidize sustain underwrite uphold cabbage cash coin dollars dough funds greenbacks mazuma scratch bear the cost chip in cover cost foot the bill pick up the bill pick up the check pick up the tab settle accord award bequeath bestow come through with confer contribute donate empower enable endue enhance enrich establish found furnish grant heighten invest lay on leave make over organize provide settle on subscribe supply vest in will capitalize patronize accounts receivable affluence assets backing belongings bread budget capital collateral currency earnings fluid assets hard cash kitty lucre means money in the bank money on hand nest egg nut petty cash pork barrel possessions proceeds profits property ready money resources revenue savings securities specie stakes store stuff substance treasure wealth wherewithal winnings defray Finance finance' funding accounts banking business commerce economics financial affairs investment money money management budgeting commercial economic fiscal monetary numbers numeric pecuniary pocket accumulate amass bank collect commit deliver ditch drop entrust garner give in trust hoard install invest keep lay lay away park place plant plop plunk plunk down precipitate put aside put by repose rest salt away save settle sit down sock away squirrel away stash stock up store stow transfer treasure allocate allot assign authorize bend an ear charge commend confer confide consign count delegate depend deposit with hand over impose leave with reckon relegate rely trust turn over back bankroll capitalize endow float fund go for grubstake guarantee juice lay on one loan shark patronize pay for pick up the check pick up the tab prime the pump promote provide funds provide security put up money raise dough sponsor stake subsidize support underwrite finance financial deposit Banking deposit funds checking account current account deposit account savings account bank account checking story detail tale version report history make recital score take tab ABCs annal lowdown bill book check grunt tally cuff IOU books sake regard motive reason grounds cause ground account adoration affection applause appreciation approbation approval deference delight esteem estimation favor fondness glorification homage honor idolatry idolization liking love marveling obeisance pleasure praise prizing recognition reverence valuing veneration wonder wonderment worship affirmation airtight case allegation answer assertion assurance avowal case cop-out cover declaration excuse explanation fish story justification plea pretext profession proof reply retort song and dance stall statement vindication archive chronicle journal memorial record register advantage applicability appropriateness fitness service usefulness be adequate benefit fill fulfill meet profit satisfy serve suffice work annual report assets and liabilities budget ledger admiration alibi annal(s) avail balance sheet salary wage wealth pay bill cash payment fund capital property check wad gold dough treasure finances gravy funds bankroll coin chips silver bread riches roll loot bucks coinage banknote specie pesos debt advocate ally angel benefactor champion endorser follower grubstaker meal ticket money patron promoter protagonist sponsor staker underwriter well-wisher IRA business estate financing fortune interests investment kitty means nest egg principal resources savings stake stock substance ways and means wherewithal change chicken feed copper currency doubloon jack legal tender meter money mintage piece scratch small change circular copy document form information printed matter questionnaire accounts banking commerce economics financial affairs money management Santa Claus backer banker bankroller broker businessperson capitalist entrepreneur fat cat manipulator merchant money lender moneybags operator rich person speculator stockbroker tycoon usurer enclosure finance financier Money
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