Public’s dwindling trust ensures cash is still king
Criminals, of course, are avid users of cash, but their demand for it is unlikely to explain its resurgence
22 October 2019 - 17:18
Modern finance requires a lot of trust, and its digital future will demand still more. If, for example, electronic payments are to replace cash, people must be willing to believe that the bits of data travelling among cellphones, cards, terminals and blockchains actually represent something of value.
So will they be? Judging from their growing predilection for physical currency, maybe not...
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