Post
Topic
Board Economics
Re: Do you need cash for everyday use?
by
Snaic
on 08/04/2019, 16:01:57 UTC
We are working on Golden Currency project ( https://goldencurrency.money ), where we issue money that is available both in crypto and in cash form. We find the possibility to use crypto money in cash form as one of advantages. We expect that almost everybody anyway uses cash and in such a case the lack of such opportunity limits the potential use of currency. That's why we started the poll to prove it. Would be glad for your votes and comments regarding your view on such an option.
Of course, situations constantly arise in our life where it is convenient to use cash, and sometimes it is just the only available form of payment. Of course, the percentage of use of cash depends largely on whether you live in a megacity or in a rural area, on the standard of living in a particular state, the nature of your activity and many other factors.
Payment by non-cash money binds us to certain technical means and their normal use also depends on a number of reasons, and which can always fail.
Cash does not have these disadvantages.