lesson bts cg 2 friday the 10 th of april

 lesson bts cg 2 friday the 10 th of april 

 

words of the day :

 we are not out of the woods  yet ( on est pas encore sorti de l auberge ) 

But there is a light at the end of the tunnel = there is still hope 

  contactless = touch and go 

STEP 1 THE PROS AND CONS OF A CASHLESS SOCIETY  

 

STEP 4 STUDY DOCUMENTS

PARTNER A UP TO O1.56 MINUTES https://www.youtube.com/watch?v=4u9D9Chv82E&ab_channel=DWNews

Sausage stands are a common sight in Copenhagen. It doesn't take much to set one up. You need a grill, some sausages, and, of course, a mobile credit card payment device. These days, only tourists use cash. In the end, when we have to count the register, there's less money to count, it's a bit easier. There's, again, less room to make error, less things to up for me and the other guys to have in our head when we're closing down after a long day. 20 years ago, danes paid for 80% of their purchases in cash. Now it's less than 25%.

Rarely. Why? It's easy with the card. I never have cash, actually. It's almost a problem when people go around from doors to doors collecting money for good reasons. I never have cash to put in the box because we don't use cash anymore. Surveillance and that people, that their lives get transparent. But I don't care.

It's not just Danish consumers who prefer to pay with plastic. Retailers are in the forefront of the move to abolish cash. Drugstore chain Matas now allows cell phone payments in all its stores. Scan the barcode, confirm the payment and it's done. It's faster than standing in line for the cash register. We are interested in getting rid of the cash. The handling, the security and everything around it is very expensive. So definitely want to push that.

And that's, of course, also why we introduced the mobile payment to help this process.

 

FIND THE PROS AND CONS OF CASHLESS SOCIETY

PARTNER B 

Sweden and Norway rethink cashless society plans over Russia security fears

Miranda Bryant Nordic correspondent

Wed 30 Oct 2024

Sweden and Norway are backpedalling on plans for cashless societies over fears that fully digital payment systems would leave them vulnerable to Russian security threats, and concern for those unable to use them.

A combination of good high-speed internet coverage, high digital literacy rates, large rural populations and fast-growing fintech industries had put the Nordic neighbours on a fast track to a future without cash.

Swish, a mobile payment system that six banks launched in 2012, is ubiquitous in Sweden, from market stalls to coffee shops and clothes stores.

The former deputy governor of Sweden’s central bank predicted in 2018 that Sweden would probably be cashless by 2025.

But Russia’s invasion of Ukraine in 2022 and a subsequent rise in cross-border hybrid warfare and cyber-attacks blamed on pro-Russia groups have prompted a rethink.

The security rethink extends to the fundamentals of how people pay for goods and services.

In a brochure with the title If Crisis or War Comes that will be sent to every home in Sweden next month, the defence ministry advises people to use cash regularly and keep at least a week’s supply in various denominations as well as access to other forms of payment such as bank cards and digital payment services. “If you can pay in several different ways, you strengthen your preparedness,” it says.

 

 

FIND THE PROS AND CONS FOR CASHLESS SOCIETY

STEP 5 COMPLETE THE FRAMAPAD

 

THE PROS      

 1. it is much easier for a cashier to count the register ( la caisse) 

2.it's so easy to use your card 

3.the system is more secure as you do not have cash on you that can be stolen 

4.there is less room for errors ( moins de place aux erreurs) 

5.there is less print ( imprimer) so it is cheaper for banks and governments

 

 THE CONS 

it is not safe from hackers that can steal your money easily 

some countries  are hacking national bank system like russia to disrupt ( bousculer) the banking system in other countries

you cannot donate money to homeless people 

some people do not have the means to buy a phone or to register in a bank and thus have a bank card 

 

 

STEP 6 READ THE DOCUMENT AND DECIDE : WHICH MODE OF PAYMENT WOULD YOU USE NOW AND WHY ?

STEP 7 THE BITCOIN

SHOULD YOU INVEST IN BITCOINS ?

PARTNER A :What exactly is bitcoin?

Bitcoin is a paperless, bankless, stateless currency which exists on computers,

Started by a small group of hackers, bitcoin is unlike traditional currencies in that it has no central bank, nation state or regulatory authority backing it up.

The coins themselves are made by computers solving a set of complex maths problems, and people who use their computers to make coins and record transactions are called miners.

 Bitcoin first came to the attention of many people after it was used on the online black market site Silk Road, known as a platform for selling illegal drugs.

The lack of regulation appeals to some, but also means it has none of the stability mechanisms typically associated with a currency, which can make it volatile, he said.

You can pay using a bitcoin wallet app, and can even get a bitcoin debit card

PARTNER V HOW DO I BUY IT ?

Bitcoin is bought via online exchanges and platforms,. Investment can start with as little as $10 on some sites. Bitcoin exchanges and brokers include Coinfloor, CoinCorner and QuickBitcoin.

Bitcoin are stored in a “digital wallet”, which can also manage transactions. It exists either in the cloud or on computers, and can be linked to bank accounts. If using an online wallet , investors must be sure they can trust the provider, because if hackers breach its server’s security measures the bitcoin could be stolen.

 

 

PARTNER C :What can you buy with it?

A growing list of firms accept Bitcoin, including Tesla, Microsoft, CheapAir.com and Britain’s first bitcoin pub,.

Obi Nwosu, managing director of Coinfloor, says you can spend it wherever you see the “bitcoin accepted here” sign, either online or at local stores, with no transaction charges. You can also cash in your coins at any time and get real currency in return

PARTNER D SHOULD I INVEST IN IT ?

Bitcoin has grown strongly but with plenty of volatility along the way. short, this is not a safe haven: so investors should approach with caution ( caution = prudence)

Lex Deak, chief executive of alternative investment aggregator Off3r, says “You should only invest a small proportion of your money and be prepared for massive swings ( a swing = balancier)  in value.”

“You could double your money within a year, but you could easily lose it all,” he says.

Is it safe?

If you are hacked, there is no way of claiming a refund from a bank or regulatory authority because none exists.

Word of warning

As with all technology, something better may one day come along. Do not treat this as a long-term store of value to fund your retirement.”

 

 homework 

test introduction