Czechs are stealthily getting rid of cash. There's much more at stake than the convenience of paying
The article discusses the shift towards a cashless economy in the Czech Republic, highlighting the convenience of cashless payments while warning about the risks to privacy and freedom. It notes the decline in cash availability, with fewer ATMs and banks, and emphasizes the importance of cash as a reliable payment method during emergencies. The article compares cash to a spare tire, essential in unexpected situations, and points out the exclusion of certain demographics from cashless systems. It warns that a cashless economy could lead to increased use of foreign currencies and cryptocurrencies, potentially expanding the gray market.