The Real Struggle For Survival Is Not For Crypto, But For Cash.
Pay by cash? Not for long, report warns.
How quickly is cash use falling?
Cash use has been falling dramatically in recent years. In 2017, debit card use - driven by contactless payments - overtook the number of payments made in cash in the UK for the first time.
The report said that the current rate of decline would mean cash use would end in 2026.
However, it concluded that notes and coins would still be used in 15 years' time, but accounting for between 10% and 15% of transactions.
The demise of cash, if unchecked, would be driven primarily by retailers and other businesses refusing to accept cash owing to the cost of handling it.
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Cash ‘on the Verge of Collapse’ While Bitcoin Transactions Near Record Highs
Some British retailers and vendors already refuse to accept cash for many reasons. It’s a huge burden to cash up every day and take money to the bank. Cash is slower to process and easier for employees to steal. Storing cash on site also means higher insurance premiums. Click Here For Full Article
Very important news thank you shere dear @melip
Hola melip, espero estés bien en unión familiar. Por ahora acá en Venezuela el manejo de efectivo es muy traumatizo ya que para conseguir un producto de la cesta básica a un precio mas bajo tienes que tener efectivo ya que la diferencia con el dinero plástico es bastante grande, ademas los puntos tienen problemas los chips presentan muchos problemas... De lograr que todo esto funcione y los precios se equiparen las personas tendrán confianza en el dinero plástico. Leyendo tu excelente publicación es muy buena información que es muy importante compartir a través de la red. Mi saludos para ti. @melip