Business

Cashless Economy – Where Do We Stand?

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Are we heading towards a cashless society or is it just another myth?

From bartering homegrown potatoes for meat to using coins and cash for centuries, we have now entered the age of virtual money. A cashless economy is one in which the exchange of hard currency is minimal. Most transactions take place via electronic devices in the form of:

  • Credit card
  • Debit card,
  • Mobile wallet
  • Point of Sale (POS)
  • Internet banking
  • Mobile banking, etc.
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Fiza Khan
Fiza khan is a tech-prodigy with a knack of writing on niches such as cyber-security, mobile platforms, social media, and AI. Besides writing, Fiza has a keen eye on current affairs of politics around the globe. She is a bibliophilic girl who is on her path to achieving great dreams. Aside from the tech niche, Fiza is interested in Food blogging and aims to set up her own Food blog one day.

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