These days, you can use cards or mobile payments for everything, from taxis to paying the babysitter, meaning it’s easier than ever to live without cash. At some stores — such as Amazon’s brick-and-mortar bookshops — paying with cash isn’t
From purchasing convenience store snacks, to a taco at the local food truck, to repaying a family member or friend, to grocery shopping at the supermarket, many consumers turn to crisp paper currency from an ATM, especially when they need
Sweden’s transformation into a cash-less society is going too fast and new regulation is needed to make sure cash remains accepted and the central bank retains some control over payment systems, Riksbank Governor Stefan Ingves wrote in an opinion piece
Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or donate to church on Sundays, hard cash is showing no signs of dying out, central bankers said.
Proponents of the coins’ demise say they cost the government more to mint than they’re worth. But others say they help create demand for more profitable coins in the cash economy.