The Fragility of Digital Payments: Lessons from Major IT Outages and the Irreplaceable Role of Cash
Guillaume Lepecq
October 21, 2025
The fragility of IT systems has been starkly exposed by recent high-profile outages. The AWS crash in October 2025, Spain’s power outage in June 2025, and the global CrowdStrike Falcon Sensor outage in July 2024 have disrupted payment systems worldwide, costing the global economy billions annually. These incidents underscore the irreplaceable role of cash as a backup when digital payments fail.
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