Banks prefer to move electrons (digital money), than atoms (physical notes and coins), and have waged war on cash using Eftpos, credit cards, and online banking.
Chances are you haven’t got much change in your pocket, and few banknotes in your wallet.
Money, these days, is more likely to be made of “electrons” than “atoms”.
Banks prefer to move electrons (digital money), than atoms (physical notes and coins), and have waged war on cash using eftpos, credit cards, and online banking.
Look, money just like that. A customer withdraw cash from New Zealand’s first ATM, on Lambton Quay.
But despite predictions of the death of cash, its use continues to at grow three times faster than th…
Read the full article at: https://www.stuff.co.nz/business/94203835/even-after-50-years-of-decimal-cash-shows-no-sign-of-dying
