* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

    Leading Proxy Advisory Firm Glass Lewis Recommends Shareholders Vote “FOR” Both of PENN Entertainment’s Director Nominees on the WHITE Proxy Card – Business Wire

    Glass Lewis Urges Shareholders to Support All PENN Entertainment Director Nominees on the WHITE Proxy Card

    Cisco Partners with Monumental Sports & Entertainment to Power New D.C. Arena – Cisco Newsroom

    Cisco Teams Up with Monumental Sports & Entertainment to Revolutionize the New D.C. Arena Experience

    Middle Eastern Entertainment Headlines at 5:49 a.m. GMT – Yahoo

    Exciting Updates from the Middle Eastern Entertainment Scene!

    Ceramic Dalmatian Entertainment is WLAF’s Business of the Week – WLAF

    Spotlight on Success: Ceramic Dalmatian Entertainment Shines as This Week’s Featured Business!

    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

    SunHydrogen Unveils Large Hydrogen Reactor in Houston – Fuel Cells Works

    SunHydrogen Launches Groundbreaking Large-Scale Hydrogen Reactor in Houston

    Technology, Labor Rights, and Political Power in Kenya and Across Africa – Tech Policy Press

    How Technology is Shaping Labor Rights and Political Power Across Africa

    Reeves to Announce £86 Billion for Science and Technology in Spending Review – Bloomberg

    Reeves Set to Unveil Groundbreaking £86 Billion Investment in Science and Technology!

    Innovation at Scale: How P&G Transforms Business Through Technology – Procter & Gamble

    Revolutionizing Business: P&G’s Bold Journey into Technological Innovation

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Drag racer survives frightening airborne crash at World Wide Technology Raceway – FOX 2

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

The right to pay anonymously has become part of an EU culture war

August 5, 2023
in Business
The right to pay anonymously has become part of an EU culture war
Share on FacebookShare on Twitter

Karl Nehammer, Austria’s chancellor, announced plans to enshrine the right to pay with cash into the country’s constitution on Friday (August 4), as card contactless payments become more popular in Europe.

‘I saw these knuckleheads getting rich and I got FOMO’ | Ben McKenzie on crypto fraud

Nehammer proposed the amendment after the Austrian Freedom Party—a far-right party currently surging in the polls—accused the current government of conspiring to ban cash as a means of tracking its citizens. Nehammer is the leader of Austria’s conservative People’s Party, which rules in a coalition with the left-wing Green Party.

“In Austria alone, 47 billion euros are withdrawn from ATMs every year and on average every Austrian carries 102 euros in cash,” Nehammer wrote in a tweet (original in German). “That is why I… am committed to ensuring that cash is constitutionally protected as a means of payment.”

The plan would guarantee cash as a payment option, as well as instruct the Austrian Central Bank to secure a basic supply of paper currency. Nehammer has tasked Finance Minister Magnus Brunner to lead the effort, while collaborating with other government ministries and representatives from the private sector.

Is cash really in danger?

Earlier this week, Piers Corbyn—brother of former UK labor leader Jeremy Corbyn—made headlines for an act of civil disobedience: buying a pack of strawberries with cash at an automated grocery store.

“I paid by legal tender and I am going out with my strawberries,” Corbyn reportedly shouted as he forced his way out of the store over the protests of employees. “I paid by legal tender, in this dystopian place.”

This protest is part of a growing movement to save cash, driven by political movements in the EU and beyond, that suspect government, corporations, and private financial institutions are eventually going to stop accepting cash altogether in favor of credit and debit card payments that are easy to track and monitor.

There is data behind this trend. In the US, the number of Americans who regularly use cash has slipped from 24% to 14% since 2015, largely driven by mobile contactless services like Apple and Google Pay.

Contactless payments are increasingly prevalent in advanced economies in Europe, although some countries like Spain and Germany remain cash-positive. Sweden has taken the controversial step of allowing businesses to refuse to accept cash, with the intention of becoming a cashless society.

Credit card companies sell your data to advertisers

Suspicions about big banks and financial institutions tracking their customers and mining personal data have raised alarm bells about the transition to a digital currency, with activists arguing that cash is the only way to ensure privacy.

Increasingly, credit card companies—including Visa, American Express, and Mastercard—have turned to compiling and selling personal transaction data to advertising companies as a major profit source. The data behind a majority of digital transactions are now passed along to marketers, companies, and other firms that mine that data to monitor trends and create personalized ads.

This invasion of privacy is legal because of a loophole known as tokenization, a financial technology pioneered in the 90s that anonymizes personal data from transactions with a unique identification code, that can later be correlated by a firm with a bank’s individual customer file.

These systems have become so sophisticated that they are often predictive. For example, many stores are able to find out that their customers are pregnant through their shopping habits, accurate to within days. In 2012, The New York Times reported on a father who found out his teenage daughter was pregnant through targeted home mailers advertising maternity clothing and nursery furniture.

Additionally, non-cash payments put a financial burden on businesses, with major financial institutions charging a credit card processing fee. These fees can be as high as 3.5%, affecting both merchants and customers.

Related stories:

💰Europeans are fighting for their right to pay for things with massive wads of cash

🏧 Secure, convenient, inclusive: how contactless payments are helping smooth the path to better mobility worldwide

🇪🇺 Europe has spent more than $800 billion shielding citizens from the energy crisis

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Quartz – https://qz.com/the-right-to-pay-anonymously-has-become-part-of-an-eu-c-1850708074

Tags: anonymouslybusinessRight
Previous Post

High interest rates are making billion-dollar lottery jackpots more common

Next Post

Amazon’s cloud revenue is up 12% amid AI demand

How the Shallowing of the Caspian Sea Will Affect Kazakhstan’s Ecology and Economy – The Times Of Central Asia

The Disappearing Caspian Sea: Exploring Its Dramatic Effects on Kazakhstan’s Environment and Economy

June 10, 2025
NIH scientists call on director to protect biomedical research – NPR

NIH Scientists Call for Bold Action to Protect the Future of Biomedical Research

June 10, 2025
Commentary: Trump’s NASA cuts would destroy decades of science and wipe out its future – Los Angeles Times

How Trump’s NASA Cuts Could Derail Decades of Scientific Breakthroughs and Jeopardize Our Future

June 10, 2025

Costco Shoppers Are Loving the ‘Refreshing’ New Frozen Summer Treat That Was Just Added to the Food Court Menu – Yahoo

June 10, 2025
How a forgotten tape recorder led to Tunde Adebimpe’s debut album : World Cafe – NPR

How a forgotten tape recorder led to Tunde Adebimpe’s debut album : World Cafe – NPR

June 10, 2025
Spain’s economy to grow at steady rate, central bank predicts – Investing.com

Spain’s Economy Set for Steady Growth, Central Bank Forecasts

June 10, 2025
3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

3 Arts Entertainment Expands Into News With Acquisition of OManagement (Exclusive) – The Hollywood Reporter

June 10, 2025

Inside US Health Secretary Kennedy’s Bold Vaccine Strategies and Game-Changing Policy Moves

June 10, 2025
A Professor Was Fired for Her Politics. Is That the Future of Academia? – The New York Times

A Professor Was Fired for Her Politics. Is That the Future of Academia? – The New York Times

June 10, 2025
Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

Study uncovers SiPore Technology’s capacity to regulate blood glucose levels – Nutraceutical Business Review

June 10, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (680)
  • Economy (694)
  • Entertainment (21,599)
  • General (15,313)
  • Health (9,736)
  • Lifestyle (698)
  • News (22,149)
  • People (695)
  • Politics (701)
  • Science (15,912)
  • Sports (21,196)
  • Technology (15,680)
  • World (679)

Recent News

How the Shallowing of the Caspian Sea Will Affect Kazakhstan’s Ecology and Economy – The Times Of Central Asia

The Disappearing Caspian Sea: Exploring Its Dramatic Effects on Kazakhstan’s Environment and Economy

June 10, 2025
NIH scientists call on director to protect biomedical research – NPR

NIH Scientists Call for Bold Action to Protect the Future of Biomedical Research

June 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version