World's largest banknote printer says printing money isn't profitable anymore

Re:World's largest banknote printer says printing money isn'... by tivert on Thursday April 13, 2023 @09:19AM (#35554988)

> During the pandemic they gutted the new digital cash R&D division because physical cash was booming and they didn’t want their customers to switch to digital cash and spoil the gravy train… oops I guess

I'm surprised that the pandemic caused physical cash to boom, given it's the most germ-prone way to make a payment. Personally I recall seeing a lot more adoption of contactless credit card payments at that time.

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Re:World's largest banknote printer says printing money isn'... by racnid on Thursday April 13, 2023 @09:29AM (#35555141)

I'm willing to bet that people feeling like they're on the precipice of a civilization ending event and the massive uptick in authoritarian rhetoric and action probably had something to do with that.

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Re:World's largest banknote printer says printing money isn'... by tivert on Thursday April 13, 2023 @02:52PM (#35560284)

I suppose, but that's kind of sloppy thinking. After a "a civilization ending event" cash will only remain useful for a little while, until the survivors realize civilization's ended.

I'm reminded of that scene from The Road where they walk over a pile of cash and jewelry like it was nothing: https://youtu.be/WEP25kPtQCQ?t=118.

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