Join the Community

22,714
Expert opinions
43,940
Total members
363
New members (last 30 days)
189
New opinions (last 30 days)
28,921
Total comments

Go Green - Less Paper with Less Cash.. all Online or Card?!

With most of the population in developed world using Internet, if banks can lure them to use Internet banking and plastic cards would Paper Cash cease to exist in coming decade? Imagine terms like Dollar, Pound, Euro just in books and there is no actual currency!!  Has all these central banks reduced their Currency printing forecast? So less paper..and more trees J If not shouldn’t they?

Well there are lots of reasons they should consider... its Paper, high risk of money laundering hence terrorism, can be lost, torn & stolen and costs double than electronic use.. so why use currency? But on the other hand, plastic money would be easy to use, though provokes spending, risk of losing (it’s just a number!). I would say, most vendors/shops i have been to, do accept cards, then who uses cash?

So with variety of cards available debit, credit, cashless, phone, miles, etc do we need CASH anymore?

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Join the Community

22,714
Expert opinions
43,940
Total members
363
New members (last 30 days)
189
New opinions (last 30 days)
28,921
Total comments

Trending

Nicholas Holt

Nicholas Holt Head of Solutions and Delivery, Europe at Marqeta

Navigating Financial Fluctuations with Flexible Solutions

Ivan Nevzorov

Ivan Nevzorov Head of Fintech Department at SBSB FinTech Lawyers

RWA Token Regulations in 2025: How to Launch Successfully

Now Hiring