Search Box

Tuesday, May 31, 2016

What Countries Would Profit Most If We Do Away With Cash?

The Countries That Would Profit Most from a Cashless World

Bhaskar Chakravorti, Ravi Shankar Chaturvedi and Benjamin Mazzotta | May 31, 2016

It’s been nearly 300 years since paper money became accepted as legal tender. While much has changed about how we make, sell, and buy goods, cash has stuck around. It’s been only recently that the road to a wider cashless society has started to really take shape. From apps such as PayPal, Venmo, or Square Cash to mobile payment platforms like Kenya’s mPesa, Bangladesh’s bKash, or Apple Pay, there are signs that cash is following the path of other “information goods,” such as printed photographs, cassette tapes, and DVDs in being replaced by digital alternatives.

"Is a cashless society on the cards?" (July 9, 2014) Source:

<more at; related articles and links: (Who would actually benfit from a cashless society? January 30, 2016) and (Deutsche CEO predicts cash will be gone in a decade. January 20, 2016)>

No comments:

Post a Comment