Post
Topic
Board Economics
Re: How long will it take banks to phase out physical cash completely?
by
MishaSER
on 23/01/2021, 20:39:13 UTC
Nowadays most people use electronic money instead of banknotes, so the process of eliminating cash has already started. Developing and launching CBDCs will take up to 5 years. It will take above 10 years to become finally cashless.

Indeed, we already use digital money anyway. But in order to fully pass, I think it takes one generation.