Cash is Good - 15 Reasons Why

Cash plays a dominant role for small-value transactions, is the leading payment instrument for many types of purchases and stands as the key alternative when other options are not available. ​Despite the rise of plastic cards and electronic money transfers, cash is still the most important kind of money in the world.

Here's 15 reason why. Cash is good because it is

1. valuable.
2. highly popular (used for over 80% of global consumer payments).
3. always works.
4. simple to use.
5. trusted by humans of all races, classes and cultures.
6. free to use.
7. public money guaranteed by national treasury, and backed by a promise as part of a long-standing social contract with citizens.
8. a national symbol and asset.
9. part of a stable money supply and flow of cash in the economy.
10. used effectively every day in millions of purchases around the world.
11. fast to use, with instant settlement.
12. free of “Big Brother” surveillance of the individual.
13. a tool for household budgeting for all families.
14. unhackable when used in payments or when stored.
15. not reliant on batteries, computers, robots or any form of poweroused, in the vast majority of cases, by law-abiding citizens and legitimate businesses.

For more information, download the PDF file HERE.

By: Mike Lee, CEO, ATMIA
Source: ATMIA