The Road to Digital currency, Decentralised Economy
Cash, cash… endangered cash? You must have noticed that this practice is spreading more and more among traders. So much so that some even look surprised if you give them cash! In some countries, cash is used less and less often. Could this trend be reversed? That would be amazing, especially since online purchases cannot be paid for in cash. Usually, we keep most of our money in the bank. After all, we can always access it when we need it, for example, to make our electronic payments. But when the financial system is shaken - as it happened in 2008 on a global scale - many people turn to cash. Their reaction is logical: Regardless of the country considered, cash remains the safest liquid financial asset, since its issuer - the central bank - cannot fail like a commercial bank. It is true that deposit insurance protects customers of commercial banks in the event of bankruptcy, but it is not a silver bullet. First, there are limits to the amounts insured. Second, you rarely get your mone...