· 4 min read
The Case for Cash
Astrid Mitchell
· Editor
We are all familiar with the earnest reasons for using cash. But what other benefits are there?
- Cash by the people, for the people. It is class-less – used by kings and paupers alike
- It’s free
- Its waterproof
- It’s safe from cybercrime
- You can use it without any kit or connection, no third party is involved
- It’s great for birthdays, Christmas, Diwali etc.
- Once you’ve paid, you’ve paid. Its immediate, simple, fast, private
- It is the ultimate sustainable product. It is the definition of a circular economy, going around and around and then back to the central bank to be reused
- It’s retro. Retro is cool
- Nothing connects people like paying in cash. Little distances people more than tap and go or self-check out
- It teaches your children to count and value
Subscriber content
Read the full article
Full access to Currency News articles, newsletters and archives.