Post
Topic
Board Economics
Re: Does this mean Cash will be extinct?
by
reverseflash
on 18/05/2018, 11:54:29 UTC
Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
I think, cash will never be able to go extinct. Most people buy and sell using cash. Only those who participate in the new crypto use electronic money to buy and sell

Just the majority uses credit cards for a long time, and applies cash only in those places in which haven't managed to connect reception of electronic payments yet.