Digital payments seem to be in the rise lately. More people are abandoning paper money (cash) in favor of credit/debit cards, and even crypto. Paying with cash is a rarity these days. Especially where I live. I'm beginning to wonder if cash is still King. Countries worldwide are already planning to launch CBDCs of their own. So cash's days are numbered. Am I right?
Feel free to share your thoughts. Thanks.
Paper money has been dethroned Feel free to share your thoughts. Thanks.
. Even though it is still in existence, we can see that we have more of online/digital transactions ongoing. Who still carries a briefcase loaded with millions of dollars?. In my country, we operate the cashless system and it is really rare to see people move around with lots of cash. In my opinion, I think the real king now is the one that offers convenience anytime, any day for transactions and it seems digital currencies give these convenience most. As the world is evolving, alot is also changing so we all should get used to it because cash will soon be withdrawn completely from the economy soon.