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Cashless or cash is not a distinction about technology, but a property of money. If something is cashless, that mean it is under the custody of third parties.
by kiba 15y ago
Cashless or cash is not a distinction about technology, but a property of money.
If something is cashless, that mean it is under the custody of third parties. When something is cash, it means that the control belongs to you.
This marks the distinction between bitcoin in your wallet versus bitcoin on a wallet controlled by a bank. Or having paper bills versus having money in paypal.