Post
Topic
Board Bitcoin Discussion
Re: Disappearance of cash and bitcoin as an alternative?
by
Becassine
on 24/06/2023, 09:18:06 UTC
Atm has been disappearing for years now (not completly  Cheesy). With the Covid crisis, people were encouraged to pay by CB on the pretext that banknotes could carry viruses. Some banks refuse cash deposits and withdrawals.
What is CB?

Those practices during pandemic and when there was no vaccine for the world population are vital to control the virus spread and minimize infected cases, severe cases and deaths. It returned to normal gradually since the world had vaccines and started to massively vaccine population.

Oups sorry, it comes from french : CB = carte bancaire = credit card

In any case, one thing is certain: credit card payments are enriching Visa, Mastercard and others.

Cash won't disappear or phased out , at least not in the next 20 years or so. There are still a lot people who prefer to pay for transactions through cash, especially in the third world country where there's more than half the population who are not computer literate. They even find banks and ATM a complex thing to take and deposit their money. Let along understanding Bitcoin and other cryptocurrency.
These people who just used the e-wallets they are constantly getting scammed and as a result they have preferred back in using cash.

Yes, I hadn't thought of that! It's obvious though, it's a bit of a hassle sometimes, and indeed, malicious "help" can really do damage.