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(LifeSiteNews) – Australia is rapidly abandoning physical currency and predicted to become a “cashless society” within a few years, according to experts.

Since 2019, banks have removed 3,800 ATMs across the country, representing over one-third of Australia’s cash machines, news.com.au reported. The top four Australian banks, meanwhile, have permanently shuttered 459 branches.

CBA, Australia’s largest bank, now has just 875 branches, compared with 1,200 before COVID-19. At the same time, the bank has cut ATMs by more than half, down to 2,000.

In New South Wales, over 200 suburbs have no way to obtain cash in their area, according to news.com.au, and 300 lack a bank store.

Digital transactions already predominate in Australia, where fewer than 25 percent of transactions involve physical money and 80 percent of residents prefer virtual banking.

The shift to digital, experts said, will leave the country effectively cashless by 2031 or earlier.

Professor Robert Breunig of Australia National University told news.com.au last fall that COVID-19 sped up the move to online banking, which will help authorities monitor and tax payments more easily. “People often avoid tax by doing cash type jobs and if there is no cash under the table, then it’ll be easier to actually follow transactions,”  Breunig said.

In a survey of experts conducted by Finder last year, 89 percent said they believed that COVID has hastened the demise of cash. Fifty-six percent said that physical currency would likely disappear in Australia within 10 years, though that could as early as 2024, according to some estimates.

“Cash has already been pushed to the edges of our economy, and cash-only businesses are few and far between. Expect them to get even rarer,” said Graham Cooke, head of consumer research for Finder. “Finder predicted a cashless society in Australia by 2036 a few years back and now even that timeline may be too far away.”

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GoFundMe has been called on the carpet by Senator Ted Cruz (R-Texas) for what he described in a letter to the Federal Trade Commission (FTC) as possible engagement in potentially unfair or deceptive acts or practices.

After the BigTech crowdfunding giant summarily and seemingly arbitrarily shut down the page for the Canadian Freedom Convoy just as donations reached $10 million, Sen. Cruz sent the letter to FTC Chairwoman Lina Khan asking for the federal agency to investigate.

Please SIGN, SHARE and SUPPORT this petition to the FTC to investigate GoFundMe for potential "unfair or deceptive acts or practices."

One of the main focuses of his letter is fairness.

How can GoFundMe shut down fundraising for an entirely peaceful protest by Canadian Truckers, while, to cite just one example, having allowed the fundraiser for the "Capitol Hill Occupied Protest" in Seattle during the BLM/Antifa riots in the summer of 2020 to continue?

All freedom-loving people should be rightly suspicious that GoFundMe seems to apply one standard to fundraising for liberal causes, and another, far more stringent standard for conservative causes, which can effectively stop conservatives from expressing their support of a cause financially.

If this is true, it is unfair - and, undemocratic - and needs to be stopped immediately. And, that's why GoFundMe must be investigated now!

Please SIGN, SHARE and SUPPORT this petition to the FTC to investigate GoFundMe for potential "unfair or deceptive acts or practices."

GoFundMe says that their terms and conditions were violated because of false claims in the media that the Canadian Freedom Convoy protests had turned violent.

But, this is simply untrue, as there has been absolutely no riotous behavior (this is Canada after all, eh).

Clearly, Ottawa is not Seattle. Ottawa is not Portland.

In fact, the Ottawa police department said that there had been only 7 arrests, for minor violations, among throngs of tens of thousands - and, organizers of the Truckers Freedom Convoy have stated that their people had nothing to do with those arrests.

Please SIGN, SHARE and SUPPORT this petition to the FTC to investigate GoFundMe for potential "unfair or deceptive acts or practices."

While conservatives hate the idea of more government regulation, they hate the idea of losing their right to protest in support of freedom even more.

Smug BigTech companies should not be allowed to kill the momentum of peaceful causes they (or, their peers in Silicon Valley or Washington, DC) don't like.

Simply put, conservative causes on the GoFundMe platform must be held to exactly the same standard as liberal causes. If they are not, then the government must intervene to regulate GoFundMe, or shut them down.

Thank you SIGNING and SHARING this petition to the FTC to investigate GoFundMe for potential "unfair or deceptive acts or practices."

FOR MORE INFORMATION:

'GoFundMe freezes more than 4 million dollars raised for Canadian truckers protesting vax mandates' - https://www.lifesitenews.com/news/gofundme-freezes-more-than-4-million-dollars-raised-for-canadian-truckers-protesting-vax-mandates/

**Photo Credit: Shutterstock.com

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The push for readily traceable digital payments has long been backed by the liberal global elite.

Bill Gates has hailed the development of virtual currencies, saying at a recent cryptocurrency forum that they “can lower the cost of a range of transactions by as much as 90 percent, providing nearly universal access to innovative financial products and services.”

In Klaus Schwab’s book, COVID-19: The Great Reset, the head of the World Economic Forum contemplated the rise of a worldwide digital currency. Communist China, Schwab observed, “is years ahead of the rest of the world in developing a digital currency combined with powerful electronic payment platforms.”

And in an article last year, the International Monetary Fund (IMF) proposed a system of social credit scoring like China’s that would determine credit eligibility based on internet search history.

The U.S. Federal Reserve announced in January that it will open debate about whether the U.S. should adopt a central bank digital currency, mirroring similar efforts in the U.K. and E.U.

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