Cash, at least in europe. In my opinion that decision would mark one of the most epic political fails in recent history but I fear, that’s what’s going to happen.
I just hope that something like GNU Taler (which keeps buyers’ privacy and forces sellers to report their earnings properly) becomes the norm, as opposed to the proprietary plastic card transactions we have now. I myself am guilty of switching to that system because cash is just insanely inconvenient, but I also recognize it’s pretty bad.
Unless something huge and world-altering happens, there is a 100% chance that it will not disappear in ten years. That would take generations because of the outliers. Although it will massively reduce in usage, and it wouldn’t surprise me if non-food stores begin to phase out cash purchases in a decade.
China is already demonstrating this, since pretty much everything is paid for with a phone these days. And some vendors are using “no cash” signs.
Cash, at least in europe. In my opinion that decision would mark one of the most epic political fails in recent history but I fear, that’s what’s going to happen.
I just hope that something like GNU Taler (which keeps buyers’ privacy and forces sellers to report their earnings properly) becomes the norm, as opposed to the proprietary plastic card transactions we have now. I myself am guilty of switching to that system because cash is just insanely inconvenient, but I also recognize it’s pretty bad.
Unless something huge and world-altering happens, there is a 100% chance that it will not disappear in ten years. That would take generations because of the outliers. Although it will massively reduce in usage, and it wouldn’t surprise me if non-food stores begin to phase out cash purchases in a decade.
China is already demonstrating this, since pretty much everything is paid for with a phone these days. And some vendors are using “no cash” signs.