Developed economies are rapidly moving towards becoming cashless societies. In the UK, only 30 per cent of payments are now made using notes and coins, and that is expected to fall to 10 per cent by 2034. In Sweden, Europe’s most cashless society, notes and coins account for just 2 per cent of transactions by value. South Korea is planning to phase out cash completely in 2020. Paul Amery, founding editor of New Money Review, says: “Cash will have completely disappeared in five years’ time. It’s happening far more quickly than most people expected or central bankers feel comfortable with.” However, a cashless society won’t necessarily be a Utopia. Older people, those who are mistrustful of technology, those who live in remote areas with poor connectivity and those concerned about loss of privacy risk being marginalised. Even though they are more convenient and safer to use, and cheaper for the financial sector to operate, digital payment infrastructures are more vulnerable to cyberattacks and technological outages than cash. In terms of the psychology of money, there are fears cashless payments could cause consumer debt to spiral.
From my prior knowledge it’s smuggling things like drugs and guns from the border so it made it hard for those to move to the u.s
Sorry if this doesn’t help
Answer:
we can increase it
Explanation:
by giviging a speech in school or we can make a video and share it on social networking sites
There are many cultural differences between Australia and Europe. You can distinguish it when you visit each continent. Some of these are: first, Australians are more free-spirited. They have very active lifestyle. They love outdoors, while Europeans are more reserved in nature.
Second, Australians have pragmatic attitude than Europeans. They are more relaxed and are more open to new ideas than Europeans, that usually have reserved lifestyle.
Lastly, Europeans are usually restrained in terms of dealing with strangers, while Australians are more open to new conversation with random person.
These are some of the cultural differences between Australia and Europe. There are still so much more to learn in terms of Art, education, foods, and many more.