“Serious risks of sleepwalking into a cashless society before we’re ready – not just to individuals, but to society.”
Cash is less of a threat to central bank policies when interest rates rise above zero.
A cashless society could have “adverse collective outcomes.”
Motivated by inflation?
Banks are curtailing “cash services.” But why?
People view paying in cash “as a fundamental freedom, which should not be disproportionately restricted.”
The electronic-payments industry, which gets a cut from every electronic transaction, wants to kill cash. But wait…
An industry dogged by non-believers who fret about privacy and fraud.
War on Cash Suffers Setback.
It’s too risky and systematically excludes the most vulnerable people.