{"id":43932,"date":"2024-03-22T09:00:00","date_gmt":"2024-03-22T08:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=43932"},"modified":"2024-03-22T09:03:14","modified_gmt":"2024-03-22T08:03:14","slug":"payment-methods-less-cash-more-control","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/payment-methods-less-cash-more-control\/","title":{"rendered":"Payment methods: less cash and more control"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>Cash payments, less susceptible to being controlled by the government than digital payments, are being completely replaced by card payments, transfers or other electronic means. Should we be concerned? What options are there on the market? We talk about it with Iu Alemany, Head of Customer Service at 11Onze, in a new episode of La Pla\u00e7a, Territori 17&#8217;s radio show.<\/b><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Advances in technology, the rise of online shopping and the digitisation of finance have led to the popularity of electronic means of payment. Many countries have already started<\/span><b> a transition process with the aim of phasing out cash payments<\/b><span style=\"font-weight: 400;\"> to the point of their possible total disappearance in the not-too-distant future.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the one hand, the new generations of digital natives are more used to paying via mobile phone or smartwatch than with cash. On the other hand, <\/span><b>governments see a good opportunity to fight the black economy and tax fraud <\/b><span style=\"font-weight: 400;\">by restricting cash payments that are more difficult to trace.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus, more and more limits are being imposed on cash payments, such as the European Union limiting cash purchases to 10,000 euros, or the Spanish state going much further by <\/span><b>banning cash transactions of more than 1,000 euros<\/b><span style=\"font-weight: 400;\"> in cases where one of the parties is acting in a professional capacity.<\/span><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component gallery\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-lg-10 offset-lg-1\">\n        <div id=\"slider\" class=\"carousel slide\">\n          <div class=\"carousel-inner\">\n            <div class=\"carousel-item active video-player inline-player\" data-video-id=\"6325021322112\">\n              <img decoding=\"async\" class=\"d-block w-100\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2023\/04\/VISUALS_PODCAST_RADIO_IMAGE_VIDEO_BLOCK_PSN_PRESS-scaled.jpg\" alt=\"\">\n              <button type=\"button\" class=\"play\"><\/button>\n              <div class=\"carousel-caption\">\n                <p><\/p>\n              <\/div>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>An economy subordinated to the banking system<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The elimination of cash payments facilitates <\/span><b>the bankarization of the economy, i.e. the State&#8217;s control over the transactions carried out by individuals and companies<\/b><span style=\"font-weight: 400;\"> through the information provided by the financial system. Cryptocurrencies and blockchain technology have positioned themselves as an alternative to this centralisation of finances, but states have also increased scrutiny and limited the use of such transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this context, several countries around the world have begun to explore the possibility of issuing central bank-issued digital currencies (CBDCs) &#8211; the European Central Bank has for some years now been working on the creation of the digital euro &#8211; which <\/span><b>would give them unprecedented control over citizens&#8217; money<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Increasing citizens&#8217; dependence on the banking system will reduce the shadow economy, but it may also <\/span><b>put our freedoms at risk and affect those most at risk of social exclusion<\/b><span style=\"font-weight: 400;\">. As Iu Alemany points out, &#8220;behind all this, there is a desire to have more control over the economy and the population and, if necessary, at any given moment to open or close the tap&#8221;.<\/span><\/p>\n<p><b>11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for <\/b><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.e11onze.app&amp;utm_source=emailing&amp;utm_campaign=CANUT+launch\"><b>Android<\/b><\/a><b> or <\/b><a href=\"https:\/\/apps.apple.com\/us\/app\/11onze\/id1566129237?utm_campaign=El+Canut\"><b>iOS<\/b><\/a><b> and join the revolution!<\/b><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component cards\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-xl-8 offset-xl-2\">\n        <div class=\"cards__wrapper\">\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/cbdc-monetary-utopia-dystopia\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2023\/03\/THUMBNAIL_CBDC.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Economy<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>CBDC: monetary utopia or dystopia?<\/strong><\/p>\n              <span class=\"card-time\">5 min read<\/span>\n              <p class=\"card-text small\">Whatever the future of money, it seems that digital&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/nigeria-wants-force-use-cbdc\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/12\/THUMBNAIL_NIGERIA_MONEDA_DIGITAL.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Finances<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Nigeria wants to force the use of its CBDC<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">The Central Bank of Nigeria limits cash withdrawals&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/spanish-government-seize-savings\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2021\/09\/THUMBNAIL_CALERS_SEMPRE_NOSTRES-800x533.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Economy<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Can the Spanish government seize my savings?<\/strong><\/p>\n              <span class=\"card-time\">5 min read<\/span>\n              <p class=\"card-text small\">The new draft National Security Law opens up the&#8230;<\/p>\n            <\/div>\n          <\/div>\n\n              <\/div>\n              <br>\n              <br>\n              <div class=\"cards__wrapper\">\n\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":43927,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[20],"class_list":["post-43932","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-finances"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Payment methods: less cash and more control - 11Onze<\/title>\n<meta name=\"description\" content=\"Will electronic and virtual payment methods signify the end of the line for cash? 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