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.
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?
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?
Yes. Cash is old-fashioned. But it's the best thing around for making private, free, and instant payments. When there's no electricity or Internet connection, Cash comes to the rescue. You can't use crypto, credit/debit cards, or even CBDCs when the infrastructure is down. Even Gold and Silver prove to be useful as "hard money" you can use offline. Unless the aforementioned problems are solved, don't expect cash to go anywhere soon.
That's true also, I mean I was talking about how people are using their card these days a lot more, and yes cultural differences do apply, like some places are more technologically advanced and just use their phones, which started here too and some places does that, but in the end, we are talking about a situation where it was cards that first take the cash away, now it's the apps that are taking the card away.
So you are right that soon enough, we will not even carry anything extra. That's what these smart phones do, we no longer need a watch, we no longer need a calculator, no need for anything for music, obviously no need for a camera, and soon enough we are going to end up with no need for anything more at all. Phones take care of everything.
So you are right that soon enough, we will not even carry anything extra. That's what these smart phones do, we no longer need a watch, we no longer need a calculator, no need for anything for music, obviously no need for a camera, and soon enough we are going to end up with no need for anything more at all. Phones take care of everything.
In the distant future, using smartphones for digital payments will become a thing of the past. Everyone will be using implants to buy items at the store. Sounds creepy. But this is where the world is heading into. I wouldn't worry about this for a long time, though.