Post
Topic
Board Economics
Re: Could a country survive and maintain economic stability if it phased out cash?
by
olubams
on 20/07/2017, 22:36:00 UTC
If a country entirely phased out cash and replaced it with digital currency would it become destabilized?
A. country can not entirely phase out cash but reduce it significantly and that is what is going on with the several cashless policies put in place by the country's highest banking authority and the policy is gradually recording some level of success in which there is still stability in the economy in which I believe same thing will happen in the case of the adoption of crypto-currency because it relies majory on the cashless economic system which aligns with what government is trying to enforce.