An increasingly accepted reality is that employees from different areas of the economy connected wirelessly anywhere. The negotiations, commercial activities and digital transactions seem to have come to stay and definitively replace cash.
This would be an ideal scenario for the big world banks, where a large investment in the production of currency, both in paper and coins, would no longer be necessary. It is a trend supported by the not so recent credit and debit cards, vending machines, fingerprint readers and more recently in QR code readers, cryptocurrencies, virtual wallets and blockchain-based transactions.
However, from countries such as Sweden and Spain, where they still prefer cash transactions, conservative opinions are heard regarding the possibility of a cashless society due to the risks of hacking the platforms. In any case, the race to reduce cash trade continues its course and, even Sweden, has reduced its activities in this modality by 19% recently.
M.Pino
Source: Economía Digital
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