Cashless-ness is neither inevitable nor desirable, says Bill Maurer, an anthropologist at the University of California Irvine who specializes in financial technology. “As long as there are poor people or refugees and immigrants or the elderly or the disabled, where traditional financial institutions are not accessible enough, there will be a need for cash,” he told CTVNews.ca …. His recent research points to young people, who are entirely adept with mobile and digital, storing cash to check their spending and to save.
New normal: Is COVID-19 killing cash?
CTV News, June 5, 2020
June 5, 2020