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Cash is far from dead and use is rising - BIS

Reuters  |  LONDON 

LONDON (Reuters) - Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or donate to church on Sundays, hard cash is showing no signs of dying out, central bankers said.The Bank for International Settlements (BIS) said cryptocurrencies and the debate around them - such as whether cash will be replaced by virtual substitutes - are part of a broader debate about the nature of money.The payments sector has argued that the use of cash is falling and therefore they don't need to provide as many ATM machines or bank ...

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First Published: Sun, March 11 2018. 23:00 IST
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