Cash Quote by Jacques Peretti
““By 2025, even drug dealers will not take cash. South Korea plans to have no cash at all by 2020.1 In Sweden, the European country going cashless first, buskers use contactless machines. A new app, BuSK, lets Londoners do the same thing. In Holland, a coat developed for the homeless allows people to give money by swiping a card on their sleeve.2 Physical money in your hand – a system of payment that began 600 years before the birth of Christ – is coming to an end. Apple’s CEO Tim Cook says the next generation ‘will not even know what money was.””
About This Quote
Source Article: The Future of Cashless Society, 2023
Cash is disappearing as societies adopt digital payments, making physical money obsolete.
In simple terms: Cash is fading, digital payments rise.
Key Takeaway
Adapt to digital finance now.
Themes
technology
economy
society
change
Mood
concerned
optimistic
Type
observational
forecasting
When to use this quote
- shopping
- travel
- small business
- government services
Key Concepts
digital payments
financial inclusion
privacy
security
Questions to Reflect On
- How will unbanked populations cope?
- What safeguards protect privacy?
A Different Perspective
Digital divide may exclude those without tech access.
