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Interesting thoughts.

I think there is a consensus evolving in the debate that the point is not about the absolute termination of cash from existence but increasing and evident trend of substitution of it. To my mind, it is matter of time that we have an innovative payment method in place, which could take care of the short coming of any technical glitch associated with a cashless mode of payment. Even though we are witnessing RBS like incidents (02nd Dec, 2013) once in a while, that should not deter from the journey towards an "increasingly" cashless world.