by Rhoda Wilson, Expose News:
Cash is very efficient for small transactions. Cash transactions are immediate, flexible and anonymous. Cash does not need a password and can’t be hacked. The usefulness of cash is not dependent on technology that might break down – and sometimes does, creating huge problems.
A benefit of eliminating cash and moving to a digital economy, they claim, is combating crime. However, cash isn’t all that convenient for illicit transactions. It has the disadvantage for criminals of being small-scale. For large amounts of illicit transactions, you need to go digital.