Without cash, people become purely dependent on big banks. What happens when the banks fail? During times of crisis, banks could shut their doors and prevent depositors from accessing their money. The lack of genuine cash shifts the power from the individual to corporations and government authorities.

If we are relinquishing freedom and power for the convenience of cashless transactions, perhaps we need to consider who is on the receiving end. Banks and governments are amassing the ultimate power by gradually removing the last vestige of freedom – cash. Those who are ready to give up their cash will surely pay the price.