Cash death PayPal's record revenues ($5.26 billion for Q2) are, the company claims, a result of "the death of cash" becoming a real thing. CEO Dan Schulman: "Consumers no longer want to handle cash or any forms of payment that require physical touch at checkout." Fortune
That should make the politicians and the IRS happy both of whom believe that 100% of your money belongs to them.
Do you have any idea the things we touch every day thats just as dirty and disgusting as money.... The list goes on and on and on. Might as well Eliminate all sinks and faucets in public restrooms, all doorknobs and elevator buttons and how about those shopping carts and cruises and beds and couches from those $379 dollar a night hotels because what you are sitting on and sleeping in is probably millions times worse than a Jackson or Grant. Ohhhh And let's not forget, that smartphone in your hand, yeppppppp. The one you sleep with and hold tightly by your side......The most disgusting of them all. Let's just say a toilet bowl is pristine compared to that germy electronic you hold ohhhh so dearly to your beloved self.
Real money has accompanied people for thousands of years, and for good reason. Cash is almost untraceable, easy to carry, accepted everywhere and reliable. If electricity goes out or the electronic system that powers online commerce around the world fails, cash comes to the rescue. If someone wants to buy something so that the payment doesn't lead to the person itself, cash is the best choice. Even despite the advances in modern technology, some of the properties of cash can't yet be reproduced in the smallest detail. Now there is simply no alternative payment system that is as convenient, reliable and anonymous. Bitcoin cryptocurrency is anonymous, but so far it is too unstable and inconvenient. Mobile payments systems between individuals, such as PayPal, require apps and invoices, and are still easy to track. In addition, the issue of global reliability is important. For example, two thirds of savings in United States dollars existed abroad. People roll cash into cups for emergencies, keep it as insurance and make sure that they always have a birthday wad of cash at their disposal in case of any surprise. Though the modern technological civilization and tries to develop system which would possess all properties of cash, it has not yet succeeded. That's why, as the statistics on the use of cash around the world shows, paper money and coins is still have a great demand.