The year 2018 proves once again how inclusive cashMoney in physical form such as banknotes and coins. More is. So if you’re thinking of giving a gift card to someone you don’t know very well, why not go back to basics and offer a nice note with some cash? It will certainly make the person smile, and it will offer him or her the freedom to choose how to dispose of the moneyFrom the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More, without being tied to a brand or a shop.

With this retrospective video we would like to thank you for following us and hope that we have met your expectations of remaining an informative website about the world’s most popular payment methodSee Payment instrument. More: cash.

We wish you a wonderful holiday season and best wishes for 2019!

The CashEssentials Team

2018 Retrospective References

What can we say about the state of cash in 2018? Well, lots! 2018 got off to a good start when ECB Executive Board Member Yves Mersch, publicly stated that alternative paymentA transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. More methods can only complement cash – and not replace it – because “there is no viable alternative to euro cash”. There have also been some interesting developments from an innovation perspective. Indeed, Canadians can now pay their taxes in cash via a QR code system and cashback has finally been facilitated in France.

Cash usage remains high in most parts of the globe. Germans have once again demonstrated their infallible love of cash as 74% of transactions are carried out with the euroThe name of the European single currency adopted by the European Council at the meeting held in Madrid on 15-16 December 1995. See ECU. More; close to 100% of Iberian Peninsula residents carry cash at all times, and Argentinians clearly voice their distrust in financial institutions by using cash – in fact, 52% of them are unbanked. The African Cash Report 2018 shows that the value of cash in circulationThe value (or number of units) of the banknotes and coins in circulation within an economy. Cash in circulation is included in the M1 monetary aggregate and comprises only the banknotes and coins in circulation outside the Monetary Financial Institutions (MFI), as stated in the consolidated balance sheet of the MFIs, which means that the cash issued and held by the MFIs has been subtracted (“cash reserves”). Cash in circulation does not include the balance of the central bank’s own banknot... More has been growing mostly due to GDP growth, but also economic factors, cross border usage, ATM network growth and financial inclusionA process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products. While it is recognised that not all individuals need or want financial services, the goal of financial inclusion is to remove all barriers, both supply side and demand side. Supply side barriers stem from financial institutions themselves. They often indicate poor financial infrastructure, and include lack of ne... More.

There’s no doubt, cash is the most inclusive payment tool. Indeed, the simple fact that Canada accepts cash payments via a QR code system, as seen above, proves that there are many people that are dependent on this payment method for whatever reason: lack of sufficient funds to have a bank account, young or old age, aversion to technology, desire to safeguard privacy, etc. In the US, some restaurants that went fully cashless, backtracked.

And we must not forget that cash also has an artistic side, just have a look at the weeklong Instagram campaign that we organized in honor of World Tourism Day! Or if you prefer photos, there are much to choose from thanks to the 2^nd edition of our photo contest “Cash Me if You Can!”, which focused on the importance of cash as our everyday companion.

What a year!

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