Brett Reginald Scott
"For a number of years I have investigated– and warned about – the War on Cash. This is the slow process by which the banking sector, payments industry, financial technology companies and governments have – in subtle and not-so-subtle ways – tried to wean people off the physical cash system, and to onboard them into the bank-run digital payments system.
Calling it a ‘war’ is controversial, because in the mainstream this process is often described as a peaceful and organic bottom-up move towards a ‘cashless society’ driven by ordinary people. I, on the other hand, characterise it as an aggressive and artificial top-down move towards a ‘bankful society’, driven by the financial industry and many governments. The bankful society is one in which the banks (or platforms built on top of them, such as Paypal) intermediate between even the smallest of payments, seeping between buyers and sellers like a payments chaperone. This consolidates and expands the power of the banking system, gives them enormous amounts of data, and enables them to enter into mega-deals with mega-tech platforms, who also rely on a turn away from cash to facilitate the mega-automation they seek." (https://alteredstatesof.money/cash-and-covid/)