I do not know, in China I do not think nowadays that is common to use cash, they actually perform electronic payments generally
In developed countries using electronic cash payments has become very commonplace, but we also don't hear that China is throwing away cash. Because I'm sure there are still residents there who use cash even though the percentage is very small when compared to residents who use electronic cash when shopping.
Not only China, many developed countries have also restricted the use of paper money and switched to digital or card payment methods. But the complete elimination of paper money is unlikely to happen in the next decade because in many places it can be said that the internet is limited, and smartphones are not yet widely used, so getting rid of paper money is very difficult.
This is indeed true and as I said, in developed countries like China, for example, there are also those who use cash in several places and by citizens who are still in the poor category. Because it's not that they don't want to use an electronic card for payment or something digital, but maybe because they haven't been able to have one so they still use the old method of making any payments.
Even in my country, which incidentally is a developing country, has implemented a digital system, but only in certain shops. To be honest, so far I'm more comfortable using digital money than paper because people won't know the balance we have, whereas if we use paper money people know better how rich we are. But in terms of loss, the biggest potential is digital money. If you have a problem with your e-wallet, the money you have will be forfeited. but so far I'm doing fine using digital money and hopefully no issues.
Developing countries are countries that are not yet in the developed category and it is natural that the use of digital payments only exists in certain shops because most of them still rely on cash or paper money when shopping. But that's not a problem for people who still live in developing countries because I see that these two payment methods are still very comfortable for everyone to use and have never had any problems even though the advantages are clearly different.