Mersch, Yves, (2017), “Why Europe Still Needs Cash”, Project Syndicate, 26 April
Non-cash payment options have been proliferating in recent years. Credit cards, online transfers, and direct-debit payments are already well established. Now, smartphone-enabled digital-payment solutions and mobile wallets are also gaining ground. The emergence of potentially disruptive innovations like distributed ledger technologies indicate that further and possibly fundamental change may be on the horizon.
Independent of these new and incipient options, there are a number of studies making the case to abolish cash. Advocates of a cashless society tend to fall into three distinct camps.
Relevant Posts
- Valiante, Diego, (2016), “Europe’s Untapped Capital Market: Rethinking integration after the great financial crisis”, Final Report of the European Capital Markets Experts Group, Ceps, February
- Leceta, Manuel, Renda, Andrea, Konnola, Totti, Simonelli, Felice, (2017), “Unleashing Innovation and Entrepreneurship in Europe: People, Places and Policies”, Report of a CEPS Task Force, 22 February