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Is Visa so desperate for business they need to pay merchants to go cashless?

Visa US. is taking the war on cash to the next level. In a new initiative to encourage businesses to go cashless, Visa will be awarding up to $500,000 to 50 eligible small business food service owners who commit to stop accepting cash.
by Guillaume Lepecq | Jul 14, 2017

Why a ‘cashless’ society would hurt the poor: A lesson from India

A sociologist analyses the importance of cash for low-income labourers in India. The research shows how cash contributes to structure community life by creating durable social bonds that function like contracts.
by Dana Kornberg | Jun 29, 2017

In Defense of Cash

Economist Pierre Lemieux contradicts Kenneth Rogoff's arguments to ban cash due to its use in criminal activity and constraining effect on monetary policy. Banning cash would not only inconvenience a lot of people, it would also come with many new regulations and controls, including against crypto-currencies and pre-paid cards.
by Pierre Lemieux | Jun 21, 2017

The International Cash Conference – Key Take-Aways

The Deutsche Bundesbank hosted its third Cash Conference from 25-27 April, gathering experts – from academia, public authorities (including central banks), special interest groups and the private sector.
by Guillaume Lepecq | Jun 11, 2017

Mersch: Why Europe still needs cash

Yves Mersch, Member of the Executive Board of the ECB highlights the risks associated with a cashless society.
by Yves Mersch | Jun 05, 2017

Italian Cash Management Company introduces Mobile Cash Centre

Italian Cash Management Company Mondialpol presented the design of a mobile cash centre, which could rapidly be set up in case of a natural disaster or a crisis.
by Guillaume Lepecq | May 21, 2017

ECB’s Mersch speaks out in favour of cash

Mersch «Given this widespread desire to use cash, banks should facilitate rather than obstruct customers in using their preferred method of payment.»
by Guillaume Lepecq | May 12, 2017

The road to digital money is paved with cash

The overall shift towards digital money is slow and patchy. More importantly, it is widening the monetary divide between those who have access to an increasing range of digital forms money and those who remain financially excluded.
by Guillaume Lepecq | May 05, 2017

About 'The Macroeconomics of De-Cashing' 1/2

“Cash has been created as the historically most convenient form of money, and carrying cash in the wallet is often perceived as a fundamental human right.” writes Alexei Kireyev.
by Guillaume Lepecq | Apr 17, 2017

Three quarters of euro area payments are made in cash

A soon-to-be-published survey on cash use, carried out on behalf of the ECB, shows that over three-quarters of all payments at points-of-sale in the euro area are made in cash.
by Guillaume Lepecq | Apr 06, 2017

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