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.
Cash is rarity only in developed countries, In my country we still use Cash and TBH once I went to a famous mobile brand for repairing and I did not asked them if they have debit, or digital payment system as I thought they are in a big city, and a big brand how can they not have one. Well after repairing, when I asked them to give me their digital accounts to pay they said we only accept cash and I was like what!Feel free to share your thoughts. Thanks.
Well, they repaired my phone, so I had to search for a bank and after 30 minutes I came back to pay the money it was so embarrassing too not only for me I think they should be embarrassed as well. In my country digital payment sytem, credit/debit etc. is rare while in yours cash is rare we are not same haha. I hope with time our country will adopt this and speaking of buying and selling in crypto (in your dreams).