Cash provides essential fallback when digital payments break down, Payment Choice Alliance points out
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The ability to pay with cash is great just in case a country’s cashless system(s), especially the one you use the most, goes down for any reason. Gives a backup just in case you need to pay for stuff locally like at a store but your digital money is essentially in limbo until the system(s) is/are fixed.
How often does that happen though?
Or… what if the power goes out, you can’t pay with cash or card.
Honestly if this is the best reason to carry cash then we should be cashless.
Why wouldn’t I be able to pay cash without power? If people did it in BCE, I can certainly do it now.
Because the equipment used to record sales uses electricity.
Do you really think the 12yo cashier is going to get out a pad and pen and rithmatic your purchase?
12yo? What’re your child labor laws? Arithmetic? We’re talking simple addition here. I manned a cash register before, it’s doable even without the computer. Just takes a wee bit longer.
Have you been to a shop in the last 20 years?
I’m genuinely curious how you envisage that everyone could pay cash during a power outage.
Items don’t have price stickers. Cashiers couldn’t reliable total up more than a few items. Customers couldn’t be given itemised receipts.
In an end-of-days style apocalypse, sure trade would carry on, but the existence of “cash” wouldn’t be relevant.
As I started off by saying, this is such a lame reason to argue for the existence of cash.