We are living in exciting times. The Signposts point to Jesus soon return.

Tuesday, October 1, 2013

MasterCard tracks global 'cashless journey'

Prophecy Sign:  The coming cashless society


What's are the best ways to bring about a global financial system that requires an identification mark to participate in the new system?  Crash the current global economic system and do away with cash.  So long as there is cash, there can continue to be an underground economy.  Do away with cash completely and you force people to either come on board with the new system, or leave them to attempt to exist in a cumbersome barter system, (not so easy to make trades if you have nothing to trade).

Thus no one was allowed to buy or sell things unless he bore the mark of the beast--that is, his name or his number. Revelation 13:17 NET

MasterCard tracks global 'cashless journey'
MasterCard (NYSE: MA) today unveiled a new global report, "The Cashless Journey," that tracks how 33 major economies are progressing from cash-based to cashless societies.
The study focuses on the value of all consumer payments ($63 trillion in total spend), including those that happen beyond retail point-of-sale. In 2011, 34 percent ($21 trillion) of total global consumer spend was done with cash, with cashless payments accounting for 66 percent ($42 trillion). The report identifies Belgium (where an estimated 93% of the value of consumer spend was cashless), France (92%), Canada (90%), the UK (89%), Sweden (89%), Australia (86%) and the Netherlands (85%) as countries where cashless payments are nearly ubiquitous, and attributes the broad movement away from cash to the uptake of new cashless payment technologies such as mobile, contactless and EMV Chip and a modern payments infrastructure.

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