Masters: Cash Is Not Dead

The transcript discusses the shift towards cashless transactions, highlighting the decreasing use of cash and the potential for its elimination in the future. It compares the US with Scandinavian countries, noting the role of social safety nets in supporting cashless economies. The challenges faced by unbanked and underbanked populations in the US are emphasized, suggesting that until these issues are addressed, cash cannot be fully eradicated.

What does the speaker mostly use for transactions?

• Cash

• Buttons

• Credit card

• Checks

Which countries are mentioned as examples of moving towards a cashless society?

• Asian countries

• South American countries

• African countries

• Scandinavian countries

What is a key difference between the United States and Scandinavian countries regarding cash usage?

• Population size

• Technological advancement

• Geographical location

• Social safety net

Why does the cash-based economy need to continue in the United States?

• Lack of digital infrastructure

• High cost of digital transactions

• Cultural preferences

• Absence of a social safety net

What is necessary to eliminate cash from the system?

• More ATMs

• Increased digital literacy

• Higher interest rates

• Better financial access for the unbanked