Would cash become obsolete in the near future?

Messages
98
Reaction score
11
Points
60
Electronic payments for goods and services has deleted the need for cash in the financial ecosystem as it stands. Do you think that people would lean more towards doing financial transactions with mobile transfers?

What is the future of the cash minting press? Would it totally stop to exist in the future?
 
In my country we're nearly cashless already. Cash is nearly exclusively used as 1) some old people's day-to-day money handling, 2) birthday presents for children and 3) for illegal transactions (drugs, unreported employment etc). Other countries in Europe, especially in Scandinavia and the Baltics, are going in the same direction, and I'm guessing that's the way we're all heading.
 
706Threads
5,998Messages
58Members
riberet19Latest member
Back
Top Bottom