Cash remains! FPÖ warns of digitization attack on our freedom

Cash remains! FPÖ warns of digitization attack on our freedom

On April 7, 2025, Alexander Petschnig, the spokesman for FPÖ's money and monetary policy, commented critically on the latest plans of the CDU and SPD in Germany to introduce a duty to pay card. Petschnig sees these measures as a direct attack on the freedom of citizens, since they would force companies to offer at least one electronic payment option. "This is a step to a financially glass citizen," he said, warning that such regulations could lead to total monitoring by electronic payment systems, such as OTS reported.

The discussion about cash and electronic payment methods is not new, but it has gained urgency through the planned measures. Petschnig calls for a constitutionally secured right to pay cash and refers to the sea festival games in Mörbisch, where cash has not been accepted. He describes this development as dangerous for civil freedom. Petschnig also emphasizes that cash has a symbolic meaning for freedom and independence, while he demands legal security against government access to everyday life.

cash vs. electronic payments

The discussion about cash is considered by various perspectives. While Petschnig and other cash advocates defend freedom and privacy by paying cash, critics argue that cash is annoying and takes up space in the wallet. In this context, the Süddeutsche that EC and credit cards represent practical alternatives, which are particularly common in the USA for small amounts.

Nevertheless, the history of Germany, especially the experiences during the hyperinflation of the Weimar Republic, says a lot about the value of cash. Critics of the cash ban debate argue that the ban on larger cash transactions does not actually contribute to combating crime. They organize an appeal for receiving cash as "lived freedom". Among the opponents of cash, there are also politicians who are calling for an upper limit for cash transactions while the federal government is considering a cash limit of 5000 euros.

The role of banks and central banks

Another aspect of the debate is the interests of the banks. You benefit from cashless transactions because they are more efficient and more economical. Possible future measures will also be discussed, such as the introduction of penalty interest by central banks that are supposed to urge citizens to spend their money. According to the EU this could play a role in further discussions on cash problems. Petschnig, however, remains firmly convinced that the cash is an indispensable part of the financial freedom of citizens.

Overall, the company faces a challenge that will determine the balance between the use of modern payment methods and the preservation of freedoms that offers cash. It remains to be seen whether the arguments of supporters and opponents can prevail.