Cash won't disappear in the US

The United States continues to break away from cash transactions. The popularity of online shopping and the increase in alternative payment methods has pushed many consumers to eliminate cash from their lives.

Would going cashless be good for America? What are the pros and cons of a cash-free society? Let's explore the future of cashless transactions in America and how likely that conversion would be.

The Upside to Going Cashless

Eliminating cash would speed up transaction times. No counting correct change or fumbling with wrinkled bills—everything would process digitally. Slow processing times were once a cause of concern for chip cards, but the majority of consumers now prefer EMV cards over magnetic strip cards.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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Top Ten Things To Know

The debate

Cash is not spreading COVID-19

CJEU Protects the Right to Pay in Cash

How Fraud is destroying the Trust in Cashless Society

Why local Cash can boost the Economy

Too many British rely on cash to turn into Cashless Society

Doubt over cashless economy: how trust in cash increased during covid-19 crisis

Cashless Societies are no answer to Economic Crisis

New Law to protect the access to cash?

How Free ATMs protect many people from the worst sides of Cashless Societies

No cash, no freedom, for better or for worse, an Australian example