Cash substitution

A comprehensive review of economic research on cash usage and consumer holdings concludes cash is alive and well.

Will robots use cash? At first glance this question seems too silly to warrant a response.

Nine months after the collapse of the Facebook-led Diem stablecoin, Twitter contemplates joining the monetary space race. Could Twitter evolve into a payment or banking platform?

Many U.S. customers are racking up credit card debt to make ends meet during the cost-of-living crisis.

Currency News spoke to CashEssentials' founder and chair, Guillaume Lepecq, to find out more about how CashEssentials seeks to add value and influence public opinion on the social necessity of cash.

In this webchat, experts discuss the strengths and weaknesses of cash and perspectives for its future.

The recent agreement between Amazon and Visa on card fees, highlights the increasing level of fees and the lack of competition in payments, as consumers have shifted away from cash during the pandemic.

The role cash plays in society is viewed very differently in a Lebanese refugee camp than in a London coffee-shop. Despite the inroads made by a policy of digital ‘financial inclusion’, at least half the world’s adult population have little option but to rely on cash for their survival in times of crisis.

The House of Lords’ Economic Affairs Committee report concludes there is no convincing case for a central bank digital currency (CBDC). While a CBDC may provide some advantages, it could pose significant challenges for financial stability and the protection of privacy.

Although the world of contactless payments has exploded in Australia, for some cash remains the payment method of choice.

By removing frictions and the pain to pay, digital payments increase consumer spending, particularly on unhealthy foods.

During the Covid-19 pandemic, Mexicans did not switch en masse to CoDi, the central bank’s mobile payments platform launched in 2019. Cash continues to dominate retail payments.