Death of Cash: Fintech's Global Economic Impact
Cash is dying, especially in China. Despite costing consumers $200 billion annually, it’s been a slower death in the US, as some are reluctant to let go, citing convenience, anonymity, security and emotional connection. This panel explores how fintech solutions like electronic payments, digital banks and bitcoin address these concerns, as well as the global economic and societal impacts of eliminating paper currency - and why many developing countries are quicker to embrace a cashless future.
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- Why are some countries moving towards a cashless economy quicker than others?
- How does going cashless impact a country's economy and society, and what are the global impacts?
- What cashless fintech solutions are having the biggest impact and what is the future of the space?
Christopher Ruth, Senior Manager, Leverage PR