US consumers like cash

US consumers say cash and plastic cards remain their top preferred payment methods, citing speed and convenience as the main appeal.

The findings, from Deutsche Bank’s three-part “Future of Payments” study, shows that US consumers believe they are still a long way off from becoming an entirely cashless society.

The study was conducted among 3,600 customers around the world, including the US, and aimed to forecast trends in cash, online, mobile, crypto, and blockchain usage.

Two-thirds of the people surveyed said they had considered increasing cash holdings given the economic uncertainty arising from trade tensions between the US and China, conflict in the Middle East, and the potential effects of Brexit.

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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.

The cashless society from an ethical point of view

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