https3A2F2Fbucketeer e05bbc84 baa3 437e 9518 adb32be77984.s3.amazonaws.com2Fpublic2Fimages2F5f18014e e7c1 495c 9598 05ff4aa6b8f7 1545x2000 The Pearl Dream Inc

Chapter 5

Cashless Society 101 book launch

Chapter 5 #bookcreators #booklaunch #cashlesssociety

The closest we have come globally to having this adult conversation on locally driven ownership is when the European Union (EU) passed the General Data Privacy Regulations (GDPR) to reign in tech firm’s mass collection and commercialization of individual user data including sensitive data like date of birth, banking information as well as browsing activity or history especially false news reports or stories on citizens.

One such controversial law in the EU GDPR is the “right to be forgotten” clause that allows EU citizens rights to ask internet companies to delete information about them from their websites and or digital ecosystems. Google has found itself at the end of this law having paid over 100,000 Euros in fines to settle and often comply with requests to “be forgotten” by EU citizens and billions in US dollars for advertising to children according to NBC[NBC].

In the last decade, we have seen a radical shift from traditional banking to digital and almost predominantly mobile banking accelerated in this decade by covid-19 and the global need for contactless payments. Already piloted and scaled in emerging markets like Kenya in East Africa and frontier markets China, Japan as well as South Korea, the digital revolution is the new norm in the US as well as seen by peer to peer bank transfers via services like Venmo, Paypal, Cash App and Zelle.

#AskAsingia about #CashlessSociety101:

  • Data Privacy Around the World: Do You Have the Right to Be Forgotten?

  • How Does Data Privacy Fit Into a Cashless Society?

  • 3 Reasons We Should All Pay More Attention to Data Privacy

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