Post
Topic
Board Economics
Re: Is Cash (Paper Money) Still King?
by
Oluwa-btc
on 22/12/2024, 05:54:46 UTC
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.


Yes sure they are still king cause it hasn't been eliminated from the phase of being used as a legal tender but then people tend to abandon it cause of it's devalued state,you can decide to hold on to crypto and digital currency for so long but once it's been exchange to a fiat currency like paper money within minutes you can't give accounts of how it was spent,so this is a more reason to prefer other medium than cash in hand.