An Elegy for Cash

Cash is gradually dying out. Will we ever have a digital alternative that offers the same mix of convenience and freedom?

Think about the last time you used cash. How much did you spend? What did you buy, and from whom? Was it a one-time thing, or was it something you buy regularly?

Was it legal?

If you’d rather keep all that to yourself, you’re in luck. The person in the store (or on the street corner) may remember your face, but as long as you didn’t reveal any identifying information, there is nothing that links you to the transaction.

This is a feature of physical cash that payment cards and apps do not have: freedom.

Read More at MIT Technology Review

Read the rest at MIT Technology Review

Posted byarketyp