MasterCard is at war in Canada, and it’s not against who you’d expect

As ex advisor to Ronald Reagan, Martin Armstrong, says: The current goal for major institutions and governments is to eliminate cash. This is how you keep bankruns from happening, plus you’re able to track down every single transaction. It’s an all-out assault on your freedom.

 

TORONTO — In Canada, the biggest rival MasterCard Inc. is working to obliterate, according to its local president Brian Lang, isn’t Visa Inc., American Express Co., Interac Association or Bitcoin dealers. It’s cold, hard cash.

“The benefit of Interac and Visa for me is that we’re competing towards the same goal of a digitally enabled country,” Lang said in a recent telephone interview. “I actually appreciate that (Interac) is advertising right now not to pay with cash and that there’s a much better way, that you can tap or pop in your card.”

Britain moves closer to becoming a cashless society

BRITAIN is using less cash than ever before as the march of electronic and card payments continues.

Notes and coins lost the crown as the most popular form of payments in Britain for the first time last year, according to data from the Payments Council.

Cash accounted for 48 per cent of all payments, including those made by businesses, falling from 52 per cent in 2013.