Comments on: Is Cash Becoming Obsolete?

By: Currency Supply Chain Optimization and Yield Management — Counting On Currency

Currency Supply Chain Optimization and Yield Management — Counting On Currency — Tue, 26 Jan 2010 13:39:42 +0000

[...] (retailers and casinos for example) can also benefit. Before we can move to a utopia of a cashless society we must master the management of this physical medium. If we don’t we will be the victims of [...]

By: msnow613

msnow613 — Fri, 22 Jan 2010 16:41:56 +0000

This is definitely “out of the box” thinking. I am not sure the history he is citing is correct. Definitely going to do some research. His concept is more than the end of cash, but rather the end of currency as we know it. Maybe he is just fishing for someone to find “value” in his “ideas”. I did not find enough value in it to give him any grain…

By: Geoff Young

Geoff Young — Wed, 20 Jan 2010 15:22:37 +0000

I wouldn’t mind a dollar (even a physical one) for every time I’ve heard that cash is obsolete/dead/dying. Over recent years these arguments have become more frequent especially from those whose life is ‘webcentric’.

It’s easy to make the argument if you live in New York or Los Angeles (or indeed in the so called developed world for that matter), but of course there’s a huge world out there that are not yet connected to the web. For example, one billion people, or one seventh of the world’s population, live in Africa and of those only 5% have web access. What would the other 950 million do for money?

Incidentally, on a recent visit to NYC I offered a cab drive a piece of plastic to pay for the fare from JFK and I’m still trying to remember all the new words I learnt…