When Cash is Embarrassing

Last June we posted a blog titled, “Is Cash Obsolete?”. Apparently, cash is becoming obsolete in certain situations, particularly for some smaller establishments, such as bars, restaurants, hair salons and coffee shops.  While no specific data is available, anecdotally, it appears that many businesses are no longer willing to, and are not equipped to, accept … Continued

Is Cash Obsolete?

It is becoming increasingly evident that money is now almost entirely transferred electronically.  Recently, the deputy governor of the Norwegian central bank suggested that the level of transactions in that Scandinavian country is now so low that it can be considered cashless.  Central bank data indicates that less than 10% of the number of transactions, … Continued