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COVID-19 and the War on Cash: What Is Behind the Push for a Cashless Society?
 [The EU is big into this, too, probably more so.]
[Rutherford] Cash may well become a casualty of the COVID-19 pandemic.
| There’s been talk about this for decades, but I don’t see it happening — there are always people and reasons for some to use cash, at least sometimes. And I don’t know about anyone else, but I intend to keep more cash on hand in case of emergencies going forward. In a real emergency, credit cards/digital wallets might not be a possibility. |
As these COVID-19 lockdowns drag out, more and more individuals and businesses are going cashless (for convenience and in a so-called effort to avoid spreading coronavirus germs), engaging in online commerce or using digital forms of currency (bank cards, digital wallets, etc.). As a result, physical cash is no longer king.
Posted by: Clem 2020-04-15 |
