After asking for financial support and walking away from $26 million on offer,Armaguard will try to negotiate with customers individually,but good faith may have eroded along the way.
Billionaire Lindsay Fox’s ownership of Armaguard makes him the king of cash (of sorts). The trouble is cash is going the way of the dodo.
Cheques are an inefficient form of payment and should be phased out. Cash,however,is still used and valued by many.
Non-cash payments are driving a rapid transformation in the world’s most populous nation. India’s government sees the digital system as an alternative to China’s Belt and Road.
Needy families are queuing for handouts at food banks across the country,underscoring how poverty is taking root even in lower middle-class families.
Visiting foreign football fans who mock Argentina’s crippling inflation crisis by burning banknotes will be punished with up to 30 days in prison.
Despite $20 billion in trade strikes over the past four years,the superpower remains Australia’s largest export market and a key engine of economic growth.
The switch from cold,hard cash to digital dollars will become another fault line in a democracy that is already under attack from misinformation,conspiracy and institutional failure.
For the first time since the advent of dollars and cents,the total amount of cash is starting to fall.
The Australian National Audit Office has hit out at Treasury for the way it dealt with plans to shine a light on the “urgent,pervasive and damaging problem” of the alternative economy.
Most Australians only see cheques in a birthday card from their grandmother. By 2030,the government plans to end the cheque system altogether.