2 ms·
> During the pandemic they gutted the new digital cash R&D division because physical cash was booming and they didn’t want their customers to switch to digital
by tivert 4y ago
> During the pandemic they gutted the new digital cash R&D division because physical cash was booming and they didn’t want their customers to switch to digital cash and spoil the gravy train… oops I guess
I'm surprised that the pandemic caused physical cash to boom, given it's the most germ-prone way to make a payment. Personally I recall seeing a lot more adoption of contactless credit card payments at that time.
- racnid 4y agoI'm willing to bet that people feeling like they're on the precipice of a civilization ending event and the massive uptick in authoritarian rhetoric and action probably had something to do with that.
- tivert 4y agoI suppose, but that's kind of sloppy thinking. After a "a civilization ending event" cash will only remain useful for a little while, until the survivors realize civilization's ended. I'm reminded of that scene from The Road where they walk over a pile of cash and jewelry like it was nothing: https://youtu.be/WEP25kPtQCQ?t=118 https://youtu.be/WEP25kPtQCQ?t=118.