Cash isn’t dead, it’s getting more popular, say central bankers

Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or donate to church on Sundays, hard cash is showing no signs of dying out, central bankers say.

The Bank for International Settlements (BIS) said cryptocurrencies and the debate around them – such as whether cash would be replaced by virtual substitutes – were part of a broader debate about the nature of money.

Read the full article on the Australian Financial Review.

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