The cries of a cashless society have been ringing for many years. And while the number of cash purchases is slowly declining, making up 30% of all transactions in the US. This plan of pure efficiency seems about as likely as us reaching a utopia. Possible, but not for at least a couple of generational power shifts.
Still, tracking this battle of cashless payments and cash is important. And gives a lot of signals as to where we’re going to see innovation (and growth in the financial sector).