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I am okay with acknowledging this and using both cash and non-cash systems when they fit my needs. While cashless systems are gaining traction, is there any ac

I am okay with acknowledging this and using both cash and non-cash systems when they fit my needs. While cashless systems are gaining traction, is there any actual attempt for them to replace cash wholesale?

ghaff 10y ago
As in eliminate cash entirely? Not as far as I know. Even in Sweden, articles I've read suggest that the shift to cashless will continue at its own pace but no one is really talking about completely pulling cash out of circulation at this point. (And most people don't seem to be in favor of that.) What probably does happen over time though is that, if the cashless penetration becomes high enough, a lot of retail merchants and individuals just stop accepting cash because it's too big a hassle for a tiny slice of their business.
NotreDev 10y ago
Yes. See India in Q4'16 https://ftalphaville.ft.com/2017/03/01/2185261/indias-cash-crunch-gdp-data-and-negative-speculation/ https://ftalphaville.ft.com/2017/03/01/2185261/indias-cash-c...