(2018) Questão 3

Available at: . Retrieved on: 3 May 2018. Adapted. * Automated teller machines

According to Professor Niklas Arvidsson, in a cashless society there is a risk that

  • A a few financial institutions may concentrate too much power.
  • B electronic transactions will negatively impact the payment system
  • C financial frauds will become more frequent and difficult to prevent.
  • D technology companies will be heavily controlled by commercial banks.
  • E electronic transactions are likely to cost a lot more than traditional ones.

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