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Global IT outage shows dangers of cashless society, campaigners say
(www.theguardian.com)
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this post was submitted on 20 Jul 2024
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Privacy
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I think it is important to have cash as a backup.
A couple of years ago there were some issues with card reading terminals in Germany. Due to a faulty security certificate these card reading terminals were not operational for about a whole month. Many stores were affected, because they almost all use ones from the same manufacturer. The only reason why it wasn't such a big deal was that people were carrying cash around anyway and were able to switch the method of payment easily. Having cash worked as a backup.