The number of ATMs installed during 2018 declined by 1 percent on a worldwide basis, found RBR, the research firm. In a press release, RBR said the number of ATMs stood at 3.24 million at the end of 2018 and that the decline was due...
Sweden’s central bank has asked the country’s lawmakers to define “the concept of legal tender,” and the role it plays in an increasingly digitized society, according to report in Bloomberg. The Riksbank wants the government to create a committee to figure out how to move...
Cash is a survivor. Cash will likely outlive us all. Sure, among many consumers (including younger people), dollar bills, C-notes and the like stand almost as relics — to these consumers, cash is a retro payment tool at best, and a dirty, logistically costly waste...
America’s most profitable export is cold hard cash — especially $100 bills. In an op-ed titled “America’s Most Powerful Export: Money,” Binyamin Appelbaum explained that last year the U.S. exported $65.3 billion of its currency, with most being $100 bills. “The world needs an international...
With a move toward cashless societies growing around the world, new legislation in the U.S. could force retailers and restaurants in a number of states to accept cash as a payment method. According to a report in The New York Times citing legislation being worked on...
New Jersey is one step closer to making it illegal to run a cashless store in the state. With overwhelming support, state legislators passed a bill that will ban cashless stores. If Gov. Phil Murphy signs it into law, New Jersey will become the second...
With mobile payments in China booming, cash is going away — despite efforts by the Central Bank to go after merchants who won’t accept cash. The Financial Times reported that the booming digital payments market in China is also happening despite efforts on the part...
As the U.K. moves to a more cashless society, the country’s Access to Cash Review report cautioned that groups of people will be left behind in the movement. According to the report, as it stands, cash is still a necessity for about 25 million people...
In November 2016, the Indian government issued a ban on the nation’s higher-denomination 500- and 1000-rupee notes, essentially deeming 86 percent of its currency invalid. The move came as a surprise, and left no small amount of chaos — with bank runs and big losses...
