Post
Topic
Board Economics
Re: Could a country survive and maintain economic stability if it phased out cash?
by
NathanJB
on 19/07/2017, 11:04:33 UTC
If a country entirely phased out cash and replaced it with digital currency would it become destabilized?

It depends on the country. From where I come from, it simply won't survive. This digital era has not yet reached many corners of my place. The majority does not have smart phones, much less internet. Digitalized transactions in the market will be very foreign to them. I don't know in other countries who are much more advanced if it is possible.