Coronavirus fears are being shamelessly exploited by anti-cash campaigners with sinister motivations, argues Ross Clark in an article titled, "The cashless lobby is cashing in on the COVID-19 crisis".
The journalist and author of "War on Cash: The Plot To Empty Your Wallet And Own Your Financial Future – And Why You Must Fight It" compares the cashless lobby to scammers in a recent article for The Spectator. Clark accuses those who have advised the public to avoid cash as a coronavirus preventative measure of disgraceful fear mongering.
Indeed, medical experts world over have explained that there is no reason to fear cash and people can use it as usual. Chiefly, Clark points the finger at the central banks, card conglomerates and FinTech investors taking advantage of public anxiety to promote their payment services. It is the most vulnerable who would pay the price, the elderly, the poor, the unbanked and those who simply prefer the convenience of cash.
