Oh wow, that’s a pretty big deal, though I can’t say I like this change.
here we go.
The war on cash in plain sight.
“Paper bills” is not cash by the way (I was wondering), but 約束手形 (bill of debt?)
This is concerning. Japan is a very cash based society and should be. This is a huge step towards tyranny of cash.
For everyone getting up in arms about a “war on cash”, “bills” seems to be an imprecise translation of 約束手形. From a quick Google and my limited Japanese, these seem to be more like post-dated checks (cheques). Businesses will give them to their suppliers as payment for goods, but the payment actually comes out of the buyer’s account on the date specified on the document, not the date it’s submitted to the supplier’s bank.
The last time I saw one was a couple of decades ago; so who cares!
To be replaced by a new type of payment method QR-fax bills /s
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Oh wow, that’s a pretty big deal, though I can’t say I like this change.
here we go.
The war on cash in plain sight.
“Paper bills” is not cash by the way (I was wondering), but 約束手形 (bill of debt?)
This is concerning. Japan is a very cash based society and should be. This is a huge step towards tyranny of cash.
For everyone getting up in arms about a “war on cash”, “bills” seems to be an imprecise translation of 約束手形. From a quick Google and my limited Japanese, these seem to be more like post-dated checks (cheques). Businesses will give them to their suppliers as payment for goods, but the payment actually comes out of the buyer’s account on the date specified on the document, not the date it’s submitted to the supplier’s bank.
The last time I saw one was a couple of decades ago; so who cares!
To be replaced by a new type of payment method QR-fax bills /s