15 lines
1.0 KiB
JSON
15 lines
1.0 KiB
JSON
{
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"HubID": "4519",
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"Date": "7/23/2024",
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"HubTags": [
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"External Platform Posts",
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"Future Map Forward Guidance",
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"Future Map"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "4519__Image_URL.jpg",
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"Summary": "<p>This is a fascinating snapshot of the extinction of cash . Digital payments reduce friction and are more convenient for buyers and sellers. But the larger effects of digital payments in the future will be realized through taxation, which is much easier in a digital system, and incentives, where governments can use digital to incentivize desired behaviors. Its not a question of if, but when cash is banned. I think this will happen in the next 10-years for the U.S. market. </p><p>But it is not all bad. Government systems like FedNow (US), Pix (Brazil) and Nexus (via Bank of Int'l Settlements) will usher in cost-less and instant digital payments (usurping debit and credit cards), while opening up new business models for micro-costed products/services. <br /></p>",
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"Notes": ""
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} |