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 more like beginning to look like old-fashioned something to me if you ask me. Here, unless for transportation fees and other little payments that require little cash, I barely work out with cash in my pocket or wallet. I prefer making payments with bank transfers or using debit cards; it's easier for me and more convenient.Feel free to share your thoughts. Thanks.
This all started when my country started their cashless policy thing during the time for our local currency redesign; getting cash became something of a stress, and we just started normalising carrying out transactions without the need for that cash. After all, at the end of the day, those business owners will want to go and deposit the cash into the bank, so what's the need when you can skip some steps?