The weaknesses of a digital economy

November 11, 2022

No Silver Bullet on Closing the Digital Access Gap | Economic Empowerment | GZERO Media

Is there any downside to going cashless?

Not really, but there are challenges, Usman Ahmed, head of Global Public Affairs and Strategic Research at PayPal, says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.

On the one hand, digitizing payment allows the creation of other financial services around it — mainly access to finance for the unbanked. On the other, there are privacy and security concerns, although these also exist with cash.

Overall, though, Ahmed believes that going digital is something that nobody will solve on their own. Governments and the private sector need to work together, and digital access is useless without digital literacy.

Speaker ejects Poilievre from Parliament

Leader of Canada's Conservative Party, Pierre Poilievre, speaks during a 'Spike the Hike - Axe the Tax' rally in Edmonton, on March 27, 2024, in Edmonton, Alberta, Canada.

Artur Widak/Reuters

Speaking of performative legislative moves, Canadian Conservative Leader Pierre Poilievrewas ejected from the House of Commons on Tuesday for calling Justin Trudeau a “wacko” and refusing to withdraw his remark when asked to do so by Speaker Greg Fergus.

The weaknesses of a digital economy

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The weaknesses of a digital economy

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Subscribe to GZERO Media's newsletter: Signal

More from GZERO Media

Think you know what's going on around the world? Here's your chance to prove it.

What started as a reaction to the Hamas-orchestrated massacre of Oct. 7 and the extent of the deadly counteroffensive by the Israeli military has now grown to encompass wider, more amorphous issues, writes GZERO Publisher Evan Solomon.

Carney, the former governor of both the Bank of Canada and the Bank of England, wants to be Canada’s prime minister, so he is letting it be known that he might do a better job than Trudeau while warning against the alternative.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Polling shows that most Canadians like the idea of taking more from those well enough off to need to use the capital gains exemption, which shelters some income from the sale of a business or vacation home from the taxman.

Speaking of performative legislative moves, Canadian Conservative Leader Pierre Poilievrewas ejected from the House of Commons on Tuesday for calling Justin Trudeau a “wacko” and refusing to withdraw his remark when asked to do so by Speaker Greg Fergus.

Rep. Marjorie Taylor Greene, R-Ga., plans to force a vote to try to oust Speaker Mike Johnson next week, but Democrats say they will come to his rescue.

Gaza is politically jamming Joe Biden while his opponent deals with personal business in a New York courtroom. This week, it looked like former President Donald Trump might even end up in jail.

Police moved in to end disruptive Gaza protest encampments at universities across the US this week as President Joe Biden pushed for a cease-fire in the war that sparked the demonstrations.