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Payments Are A-Changin’ But Cash Still Rules

TedTed
in The OT Bullpen
FYI: Retail payment systems continue to become faster and more convenient. Yet, despite increased use of electronic payments around the world, there is scant evidence of a shift away from cash. As the appetite for cash remains unabated, few societies are close to “cashless” or even “less-cash”. In fact, demand for cash has risen in most advanced economies since the start of the Great Financial Crisis. This resurgence appears to be driven by store-of-value motives (reflecting lower opportunity cost of holding cash) rather than by payment needs
Regards,
Ted
https://www.scribd.com/document/375690549/r-qt1803g#fullscreen&from_embed

Bob Dylan: The Times They Are A Changin':
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