Uncategorized

Following the UK Government's announcement to protect the future cash system, a new survey shows that 76% of consumers think that the Government should do more to help people continue to have access to their cash.

A case before the top European Court could have important implications for the status of banknotes and coins as legal tender and the acceptance of cash. In this second part, we analyse the link between legal tender and the exercise of fundamental rights. We also look at the implications of legal tender for a central bank digital currency (CBDC).

The dual role of currency both as a store of wealth and means of payment has never been more apparent, as the numbers that report cash on issue and cash use remain dramatically different.

Riksbank governor calls for stronger legal protection for cash. The Central Bank recommends to review the concept of legal tender. “If it were to be established by law that one was forced to accept cash in Sweden, more of us would probably choose to have cash in our wallets.” says Ingves.

This year has been very dramatic for the global society. The full effects of the COVID-19 pandemic are still unknown and depend on the length of the exceptional period in various parts of the world.

Cash and Crises, a series of financial literacy video series by CashEssentials releases its sixth episode with a social mission to support the relief and development community in understanding how cash is managed for society in times of crisis.

For countries emerging from conflict like Ethiopia, digital payment systems are a tempting way to extend control over the people. Do Ethiopians want their government to have complete and absolute control over every financial transaction they make or would they prefer to retain the financial resilience, privacy, freedom from exploitation, and protection from poor governance which cash offers them?

During the third and final webinar, our panel combining industry experts and futurists, designed a desirable future for cash and discussed the roadmap to make it happen. Our next Webinar ‘Is CashTech the Future of Cash’ will look at how new entrants can leverage technology to disrupt the cash cycle.

Covid-19 will be mobilised by the financial industry to push their War on Cash even further, leaving us ever more ensnared within their private digital money empire

Cash is an infrastructure and the cash community needs to develop a long-term vision, to be able to pro-actively steer the cash cycle and address the challenges cash is facing today.

During this webinar, our panel combining industry experts and futurists will imagine radical scenarios for the future of cash. The session is the second part of a series of three webinars aimed at using Futures Literacy to imagine the Future of Cash.

Amid the current furore about whether cash is safe to use, it’s timely to reflect that currency not only serves as a ready means of payment, but also a store of wealth. In a rush by some to abandon cash – or see its use side-lined – it is also important to consider that for many people around the world, cash is also often their only readily available means of payment.