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I was surprised at charging a higher rate for cash, until reading the article where it didn't mention that. What was mentioned was a service fee for withdrawin

I was surprised at charging a higher rate for cash, until reading the article where it didn't mention that. What was mentioned was a service fee for withdrawing cash above the limits from bank branches. Which also seemed surprising - to reduce the demand for cash-cash, restrict the supply. That that article mentions 85% of cash in circulation is held outside banks does not also seem alarming, it'd be interesting to read more about money velocity and other non-cash-cash outside the CBDC like non-CB Digital Wallets.

hyperman1 4y ago
- wasmitnetzen 4y ago
  Sweden's banks had a joint ATM system[1] since ~2010, I admittedly have no idea about the situation on the countryside, but at least in Stockholm, they're in ample supply seeing that it is extremely rare that someone pays with cash. I once had to get about 15000SEK (~1500€) in cash, and that wasn't a problem at all. [1]: https://www.bankomat.se/ https://www.bankomat.se/
  - zhte415 4y ago
    It's an interesting 'problem'. Handling cash has a cost. I don't know how batopin handles it, but it's, for example, around 1/5 the cost, largely logistical, to fill a machine with 50s instead of 10s. Where ATM network withdrawals carry no fee, there's no brand loyalty for where to get your cash, so where's the incentive to carry lower denomination notes? CBs have employed various methods to keep lower value notes in circulation such as X number of 10s per X number of 50s - perhaps a central 'cashless' push will be in these lower denominations, but that's purely speculation on my part. Interesting to see And it is what we all fall back on when the technology fails us. In other words, cash has far from lost its age-old reason for being! in the waffle. That's also my understanding - that cash becomes extremely valuable in times of acute crisis (like a zombie apocalypse) because it has all the characteristics (divisible, recognised, sufficiently rare, durable and easy to carry, easier to 'barter' than a can of beans, etc) of... money.
kornhole 4y ago
If the government or banks impose fees on getting cash, the cost of using cash relatively to digital transactions increases doesn't it?

hyperman1 4y ago

wasmitnetzen 4y ago
Sweden's banks had a joint ATM system[1] since ~2010, I admittedly have no idea about the situation on the countryside, but at least in Stockholm, they're in ample supply seeing that it is extremely rare that someone pays with cash. I once had to get about 15000SEK (~1500€) in cash, and that wasn't a problem at all. [1]: https://www.bankomat.se/ https://www.bankomat.se/
- zhte415 4y ago
  It's an interesting 'problem'. Handling cash has a cost. I don't know how batopin handles it, but it's, for example, around 1/5 the cost, largely logistical, to fill a machine with 50s instead of 10s. Where ATM network withdrawals carry no fee, there's no brand loyalty for where to get your cash, so where's the incentive to carry lower denomination notes? CBs have employed various methods to keep lower value notes in circulation such as X number of 10s per X number of 50s - perhaps a central 'cashless' push will be in these lower denominations, but that's purely speculation on my part. Interesting to see And it is what we all fall back on when the technology fails us. In other words, cash has far from lost its age-old reason for being! in the waffle. That's also my understanding - that cash becomes extremely valuable in times of acute crisis (like a zombie apocalypse) because it has all the characteristics (divisible, recognised, sufficiently rare, durable and easy to carry, easier to 'barter' than a can of beans, etc) of... money.

kornhole 4y ago

If the government or banks impose fees on getting cash, the cost of using cash relatively to digital transactions increases doesn't it?