this post was submitted on 05 May 2025
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That's delusional.
Each year they reduce the max payable amount in cash. They are on their way to inscribe a right to pay with card as we speak and each ATM tracks the serial number of every paper money piece it gives you. Whats delusional about that?
Why? Fiat digitalization is a logical next step of overwhelming mobile pay options.
Printing of cash is used by governments to control value of their money. They wouldn't abandon that.
And if they release the money digitally what's the difference?
I'm not arguing for digital money, but I think it's going to happen sooner or later.