Re: How long will it take banks to phase out physical cash completely?
Now the real question is, how long will it take banks to start the transition from physical to digital cash (CBDC)? Do you think that physical cash will still be used right after governments adopt CBDCs in their entirety? Or will it take decades before every single person in the world stops transacting with physical cash, paving the way for a full-fledged cashless society? Your input will be greatly appreciated.
The big question is will the government adopt CBDC, we must admit there are areas or sectors in our society that do not have an internet connection or had a very slow internet connection, here in our country there are rural areas where you have to go to the higher grounds or trees before you can get a signal, and ours is not an isolated case.