If cash is on the way out, we are all in trouble - from all sides. Listen on to find out more and keep safe.
Physical money has been with us for thousands of years for a reason. Cash is essentially untraceable, it’s easy to carry, it’s widely accepted and it’s reliable. If the power goes out, or there’s a blip in the electronic systems that make the online commerce world go round, cash is there. If someone wants to buy something without anybody tracing it back to her, cash is the way to do it. If someone wants to be certain that their form of payment will be accepted, cash is the best bet. Even with advances in technology, some of the aspects of cash simply aren’t reproducible with bits just yet. And yet there is a seeminglingly inevitable move, increased by fears over spreading the coronavirus that produces CoViD-19. Why is this? And what are the dangers of just using online backing as an alternative?