The birdliner reports:
Cash top-up services at the passenger service centres (PSC) of train stations will be completely phased out next month (March), completing the first step by authorities to wean commuters off cash to pay for public transport.
With the change, cash-paying commuters can no longer rely on staff at PSCs to help them reload their stored-value travel cards, like the ez-link, but have to use self-help ticketing machines.
Ignoring all the very real difficulties of old people, maids and other cash users I have a serious serious problem with Govt linked and Govt entities refusing cash. The whole basis of fiat money is that the government compels businesses to accept it. Way to devalue currency. No good will come of this. Add in crytocurrencies, the push continually to use GIRO (which I hate) I am wondering if the govt is aware of the trust based nature of money being put at risk?
As someone else pointed out:
With physical fiat the government controls means of production and prohibits reproduction. Once it becomes electronic then they no longer have monopoly on transactions
The only point of monopoly is conversion back to physical fiat which is moot if physical fiat isn't useful for day to day use.
Looks like the MRT will be instrumental in screwing up foundational building blocks in SG. Trust in the gov to run a service, efficiency of public services and now physical fiat
Singaporean redditors are generally unimpressed: https://www.reddit.com/r/singapore/comm ... res_to_be/