--- title: "Meaning & Key Takeaway of: Cash as a physical entity will virtually…" description: "\"Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions..." image: "https://sms4smile.com/quotes/i/483/james-p-gorman-14001_cash_cash-as-a-physical-entity-will-virtually_1951818.jpg" --- # Cash as a physical entity will virtually cease to exist… ![“Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically.” quote by James P. Gorman](https://sms4smile.com/quotes/i/483/james-p-gorman-14001_cash_cash-as-a-physical-entity-will-virtually_1951818.jpg) [Download](https://sms4smile.com/quotes/i/483/james-p-gorman-14001_cash_cash-as-a-physical-entity-will-virtually_1951818.jpg) [Open image](https://sms4smile.com/quotes/i/483/james-p-gorman-14001_cash_cash-as-a-physical-entity-will-virtually_1951818.jpg) > “Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically.” [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Physical money will become obsolete as digital, biometric-secured payments dominate, even small transactions like tips. **In simple terms:** Cash will disappear, replaced by digital payments. Key Takeaway Adopt secure digital payment methods. Themes technology finance future trends Mood forward-looking analytical Type technological optimistic When to use this quote - online shopping - mobile payments - banking services Key Concepts digital currency biometrics financial inclusion Questions to Reflect On - Will digital payments increase privacy risks? - How to ensure equitable access? 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We've seen this again and again and again.](https://sms4smile.com/quotes/james-p-gorman/supply-and-demand-eventually-rebalance-we-ve-seen-this-again-and/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [I'm one of 10 children, and all my brothers call me Jim. And all my sisters... well, they call me something even more affectionate.…](https://sms4smile.com/quotes/james-p-gorman/i-m-one-of-10-children-and-all-my-brothers-call-me-jim-and-all-my/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [If you consider the contribution of plumbing to human life, the other sciences fade into insignificance.](https://sms4smile.com/quotes/james-p-gorman/if-you-consider-the-contribution-of-plumbing-to-human-life-the-other/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization…](https://sms4smile.com/quotes/james-p-gorman/the-threshold-question-will-banks-continue-to-exist-the-answer-is-yes/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.](https://sms4smile.com/quotes/james-p-gorman/to-enable-large-u-s-banks-to-support-their-clients-better-the-volcker/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [If you underperform for your owners, eventually they pick up their bat and ball and go home.](https://sms4smile.com/quotes/james-p-gorman/if-you-underperform-for-your-owners-eventually-they-pick-up-their-bat/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [That is what made America great: that everyone had the opportunity to be a winner. And I think it's still there. 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Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [I'm not that interested in just being around powerful people for the sake of it.](https://sms4smile.com/quotes/james-p-gorman/i-m-not-that-interested-in-just-being-around-powerful-people-for-the/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [Flyfishing, which has a vaguely mystical aura, is a lot like work. I'm a frenetic flyfisherman. I wade up and down streams, looking for…](https://sms4smile.com/quotes/james-p-gorman/flyfishing-which-has-a-vaguely-mystical-aura-is-a-lot-like-work-i-m-a/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!](https://sms4smile.com/quotes/james-p-gorman/banking-s-a-sexy-industry-creative-it-s-dynamic-it-s-global-it-s-fast/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [As much as the banking system may not be terribly popular, it is an essential part of the economy.](https://sms4smile.com/quotes/james-p-gorman/as-much-as-the-banking-system-may-not-be-terribly-popular-it-is-an/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason -…](https://sms4smile.com/quotes/james-p-gorman/you-will-not-see-in-my-career-the-kind-of-returns-this-industry-had/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) [Explore all 48 James P. Gorman quotes ](https://sms4smile.com/quotes/author/james-p-gorman/) ## More Cash quotes > [“This one’s mental.’ ‘Eccentric.’ ‘What’s the difference?’ ‘A bag of cash.”](https://sms4smile.com/quotes/terry-pratchett/this-one-s-mental-eccentric-what-s-the-difference-a-bag-of-cash/) [Terry Pratchett](https://sms4smile.com/quotes/author/terry-pratchett/) > [A garden has a curious innocent way of consuming cash while all the time you are under the illusion that you are spending nothing.](https://sms4smile.com/quotes/esther-meynell/a-garden-has-a-curious-innocent-way-of-consuming-cash-while-all-the/) [Esther Meynell](https://sms4smile.com/quotes/author/esther-meynell/) > [Nothing knits man to man like the frequent passage from hand to hand of cash.](https://sms4smile.com/quotes/walter-sickert/nothing-knits-man-to-man-like-the-frequent-passage-from-hand-to-hand/) [Walter Sickert](https://sms4smile.com/quotes/author/walter-sickert/) > [“It’s me,” he says softly. “Stop listening to everything else. Remember the way you feel when I’m kissing you and touching you. Don’t think with your…](https://sms4smile.com/quotes/m-leighton/it-s-me-he-says-softly-stop-listening-to-everything-else-remember-the/) [M. Leighton](https://sms4smile.com/quotes/author/m-leighton/) > [After I graduated, I carried on with my academic work, via grants but I often had a market stall on Camden Market selling hand-painted…](https://sms4smile.com/quotes/bettany-hughes/after-i-graduated-i-carried-on-with-my-academic-work-via-grants-but-i/) [Bettany Hughes](https://sms4smile.com/quotes/author/bettany-hughes/) > [You might be a redneck if you have a picture of Johnny Cash, Willie Nelson, or Elvis over your fireplace.](https://sms4smile.com/quotes/jeff-foxworthy/you-might-be-a-redneck-if-you-have-a-picture-of-johnny-cash-willie/) [Jeff Foxworthy](https://sms4smile.com/quotes/author/jeff-foxworthy/) > [American forces in Iraq found $650 million in American cash sealed in a hidden cottage. See, this is why President Bush wants to invade…](https://sms4smile.com/quotes/jay-leno/american-forces-in-iraq-found-650-million-in-american-cash-sealed-in/) [Jay Leno](https://sms4smile.com/quotes/author/jay-leno/) > [I feel a lot better when I've got a bit of cash on me.](https://sms4smile.com/quotes/pete-doherty/i-feel-a-lot-better-when-i-ve-got-a-bit-of-cash-on-me/) [Pete Doherty](https://sms4smile.com/quotes/author/pete-doherty/) > [If our financial industry regarded security the way the health-care sector does, I would stuff my cash in a mattress under my bed.](https://sms4smile.com/quotes/avi-rubin/if-our-financial-industry-regarded-security-the-way-the-health-care/) [Avi Rubin](https://sms4smile.com/quotes/author/avi-rubin/) > [Why, just a couple of economic seasons ago, was idle cash considered an indication of bad management or lazy management? Because it meant that…](https://sms4smile.com/quotes/malcolm-forbes/why-just-a-couple-of-economic-seasons-ago-was-idle-cash-considered-an/) [Malcolm Forbes](https://sms4smile.com/quotes/author/malcolm-forbes/) > [The only issue cash presents you is the independence of not stressing about funds.](https://sms4smile.com/quotes/johnny-carson/the-only-issue-cash-presents-you-is-the-independence-of-not-stressing/) [Johnny Carson](https://sms4smile.com/quotes/author/johnny-carson/) > [It's funny about men and women. Men pay in cash to get them and pay in cash to get rid of them. Women pay…](https://sms4smile.com/quotes/hedy-lamarr/it-s-funny-about-men-and-women-men-pay-in-cash-to-get-them-and-pay-in/) [Hedy Lamarr](https://sms4smile.com/quotes/author/hedy-lamarr/) > [ I mean, you take a look at this, it's one way. \[Mexicans\] get the jobs, they get the factories, they get the cash, and… ](https://sms4smile.com/quotes/donald-trump/i-mean-you-take-a-look-at-this-it-s-one-way-mexicans-get-the-jobs/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [It was really starting to get pathetic, everyday they would come in looking for one thing or another. 'Zach, can you give me some…](https://sms4smile.com/quotes/zach-braff/it-was-really-starting-to-get-pathetic-everyday-they-would-come-in/) [Zach Braff](https://sms4smile.com/quotes/author/zach-braff/) > [One of my officers said to me that Trinidad and Tobago is seen like an ATM card... you come in with the card and…](https://sms4smile.com/quotes/kamla-persad-bissessar/one-of-my-officers-said-to-me-that-trinidad-and-tobago-is-seen-like/) [Kamla Persad-Bissessar](https://sms4smile.com/quotes/author/kamla-persad-bissessar/) Browse all 1,141 Cash quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically.", "creator": { "@type": "Person", "name": "James P. 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