Re:In praise of cash
by BlackMonday on Friday March 03, 2017 @01:49PM
(#13785119)
I should have worded it better, but it's not wrong. It's predicted that cards wil overtake cash by 2022, at the moment cash is ahead: https://www.atkearney.com/documents/10192/9746746/Cashing+In...
probably because netherlands and sweden make up only 4% of europes population and the other countries are slower at adopting it.
Denmark has largely converted to cards and, over the past year or so, a mobile payment app made by the largest bank.
I know maybe a handful of people except myself under 50 who still use cash for anything, ever. They tend to also have Thinkpads and GPG keys.
That is a very coarse and completely unfounded statement. The situation differs greatly per country; you can spend months without touching cash in the Netherlands or Sweden. In the Netherlands we've passed the 50% mark for electronic debit card payments at a point of sale a decade ago!
Online purchases are soaring too across the continent, which means that for clothes and electronics there is a shift towards less and less cash transactions each day.