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.
That is actually true, as you can see the world is gradually turning into a digital world where everything is done digitally Including payment system. Online payment system has take it shape in another dimension which has reduced the risk of being rubbed physically. Although this phenomenon does not mean that physical cash is not important. It's important but it has limitations to its usage for example booking a flight, payment for grocery shopping, making an international transfer. All this requires you to pay with debit/credit card or cryptocurrency so not in all cases that cash is needed so we have to embrace the new revolution. Feel free to share your thoughts. Thanks.