Home Finance Physical cash won’t exist in 100 years and here’s why you should...

Physical cash won’t exist in 100 years and here’s why you should care

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Since 9000 BC we have been exchanging things of value for things we need or need.

This system of barter has evolved over time; From the Chinese with their bronze trinkets and the Indians with their cowrie shells to Italian gold florins and Swedish paper money.

Over the past few thousand years, we’ve gone back and forth from rummaging around valuable material things to passing promissory notes and well, not “passing” anything, but simply debiting our account. Dependent on financial service providers to do another credit or vice versa.

did you know? It’s been a decade since the first contactless payments were made in the UK.

Is this cryptocurrency Or the credit cards that deal the final blow to physical wealth remains to be seen, but one thing that is certain is that 100 years from now, how we pay for things will look very different than it is today.

But how is material wealth disposed of? And why? Take a look at our infographic below to find out:

Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of knews.uk and knews.uk does not assume any responsibility or liability for the same.

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