4 ms·
I see articles here every other week talking about the end of cash and I don't know where they're coming from. This article finally takes a more realistic appro
by comrade1 11y ago
I see articles here every other week talking about the end of cash and I don't know where they're coming from. This article finally takes a more realistic approach.
The other articles don't match the reality of where I live (Switzerland). I don't think they match the reality of Germany and Austria either, and much of Europe.
People here still pay for their cars in cash. I'm going to my bank on Monday to take out chf 7k to pay for my wife and mine yearly train passes.
Is this just a u.s. And UK phenomena?
- analog31 11y agoI live in the US, and rarely use cash. My spouse and I pay for big ticket items like cars, by writing a check. I've visited Switzerland a few times, and noticed that the transit system (trains, buses, etc.) creates natural places where people go almost every day, that are convenient locations for things like banks and food stores. There's nothing like that in most of the US. My bank closed its branch office near my house, and now the closest branch is some distance away. So it's an extra trip to get cash. Now, if I use a check or debit card at the food store, then I can get some extra cash from the transaction. I also get a little bit of cash from playing music. My main use for cash is to give some to my kids if they need to buy something. Oddly enough, I take $1 bills out of my wallet and leave them at home, so I won't be tempted to buy snacks from vending machines during the day.