What is card less transaction ?
Withdrawal at ATM through OTP or UPI.
No use of any non digital device except fingers.
Digital money is the most distant form of money.
But it is all virtual.
If I believe in materialistic, Digital money is 99 % intellectual.
Just compare the price of hardware involved and price of currencies in digital form.
Real money or cash is much less as banks can lend much more than they borrow from Lets say RBI for example.
Their business is dependent on people’s belief that their money is not in rotation. Otherwise all banks will collapse.
Only cash money is in fact your personal money. All else is not yours’s technically.
What does it mean ?
What is it that we prefer distance with. The dirty work. Eggzactly.
For example killing. Most preferred choice of killing of empaths ie all humanity except may be psychopaths.
So to the extent I am a psychopath spending money digitally can be compared to less range shooting. And to the extent I am not can be compared to long range shooting.
Hint: Corona.
I did massive fb likes Ad campaign in other countries in COVID days even on debt. Don’t know why ?
I don’t have the power to oppose nature. I only have power to direct it.
So virtual money by default is used as weapon.
That’s why I say I need virtual money. Cash you can keep.
Online shopping- technically the item is truly yours if you pay by COD.
Anyway its cashless age. People demanding cash payment must know the importance of cash money.
Today I was informed that my guest house room rent is pending which is to be paid by cash or I am free to vacate the guest house. I really didn’t knew. Panchaksharam means five letters. Na-Ma-Shi-Va-Ya.
So I went walking looking for ATM with UPI or QR cashless withdrawal. My debit card has expired. Trivia: Its pin was 2026. DO CHAKE DO CHAKKE. (2020)
I found one 4-5 km away.
Anyway ATM withdrawal without card was completely digital. In a way I was able to get real money just by using fingers and paid room rent. So this room technically should serve my purpose first which is virtual money.
Food I am buying from outside digitally. So it will not serve just my purpose but who ever involved directly or indirectly enabling it.
Does it makes Cash value reduced 10 times. Well almost free cash(real money) hotel accommodation compared to 10 times costlier fake spending on food.
You tell….Because….
What good or use is a theory if it is not even wrong.
Ferretbiting.me No XXX only X.