Post
Topic
Board Economics
Re: Is Cash (Paper Money) Still King?
by
lizarder
on 21/12/2024, 10:36:18 UTC
This is true, while I can see that there are still some places where you need to spend cash, it is not really that common and we can't really consider it to be something that takes time, we are talking about something that is a bit unique, and for that reason I believe that we are going to end up with a different situation ,so it is not going to be something that takes time for those places, because those places do not have our technology, but aside from that, everywhere else where we have this technology ,cash is losing value.

I do not carry any cash at all for example, and I mean like I do not even have a dollar, not in cash, I have my card and that's enough for me anywhere I go, I do not remember the last time I needed cash, it's been MONTHS since I had even a dollar in cash.
That is in line with the previous discussion because cash is still needed for some places that are not touched by technology, even now when I go to a traditional market to buy food, cash is still the means of transaction used. But if it shifts a little to the city where shopping at the supermarket only requires showing a credit/debit card for payment issues and it happens so easily and quickly. Technology has played a significant role now and there may be many people who no longer put paper money in their pockets when traveling.

This convenience is actually available in the city because for the countryside still need cash and when I want to go home to my village I have to exchange money as a means of transaction. In one or two certain places cash is still needed and the power of seeing for the next few years this will continue to develop, where technology will play a role as a step forward.