'Generation Gap' is a monthly series where we ask two Beijingers from two different generations their thoughts on a random issue. This time we ask Park, 17, and Fan, 56, about China becoming a cashless society.
What do you think about China becoming more of a cashless society?
Fan, 56
“I’m pretty neutral on this topic. I personally use both Wechat Pay and cash, depending on the situation, but if I had to choose one I’d go for cash, since not every shop or person can accept WeChat Pay.”
Park, 17
“Although it is extremely convenient to pay through virtual means, I feel as though cashless transactions decrease money’s value, since you can spend a bunch [of RMB] with just one simple click of a button. I also think that cashless payment methods gave rise to online shopping events, like Double 11 [Singles’ Day, held on November 11] and Double 12 [the follow-up day to Singles’ Day]. So, it seems like it’s much easier now for companies to make profits.”
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