Cash Remains King In An Outage (So Let’s Protect It!)

Optus’ network failures have again highlighted the risks to the community when technology breaks. There were structural reasons why the failures happened, but the fallout was significant.

This brings the need to ensure access to cash is enshrined in law in Australia into sharp contrast again. This has already happened in a number of other countries.

The Change.org petition https://www.change.org/p/an-australian-cash-and-banking-guarantee has more than 130,000 signatures, and I encourage my followers to sign up.

We cannot be held hostage to a digital future which is intrinsically unreliable.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Cash Remains King In An Outage (So Let’s Protect It!)
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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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