Thematic investing

Thematics insights: Is cash an endangered species?

8月 11, 2020 - 13 min

Key content

Since the beginning of the health crisis, merchants have actually quite often refused our bank notes and coins. Legally, they are not allowed to do that, but they make it clear that they don’t want our physical money.
By 2023, checks will have completely disappeared. Checks are currently the least secure payment method, and many shops do not even accept them anymore.
The COVID-19 pandemic has been a considerable catalyst pushing us towards electronic payment methods. The fear of spreading the coronavirus due to handling notes and coins has encouraged consumers and merchants alike to use more digital payments.

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