Cashless future - reality or fiction?

Journal
Journal of Financial Services
Type
journal article
Date Issued
2025-09-30
Author(s)
Abstract
While cash use is steadily declining in favor of digital payments, its societal relevance remains strong. This paradox reflects cash’s enduring role as a store of value, symbol of financial autonomy, and trusted medium in times of crisis. Although fewer transactions involve cash, public resistance to its abolition is growing. Declining access and acceptance risk triggering a self-reinforcing downward spiral, raising concerns about inclusion and resilience. Maintaining cash as a public good may require legal and policy measures. The debate over cash’s future, therefore, transcends technology, touching on fundamental issues of trust, equity, and systemic stability.
Language
English
Keywords
cash
cash paradox
Publisher
PROJECTIVE GROUP INSTITUTE
Number
1
Start page
142
End page
146
Official URL
URL
File(s)
Thumbnail Image
Name

Trütsch 2025 - Cashless Future Journal-of-Financial-Services-The-Future-of-Payments.pdf

Size

77.5 KB

Format

Adobe PDF

Checksum (MD5)

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