As the US increasingly becomes a cashless society, it’s getting harder to use currency to pay for things – including taxes. One fearless economist gave it a try.
A Ugandan woman sending money by phone. Godong/Universal Images Group via.
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Masud Ibrahim, AAM University of Skills Training and Entrepreneurial Development e Robert E. Hinson, University of Ghana
The introduction of these technologies in Ghana has created an enabling platform for consumers to use their mobile phones to pay for goods and services
Electronic payments have expanded the Ghanaian economy.
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Christmas is traditionally a time of giving, including to charities and the needy. But what happens when so few of us carry cash anymore?
COVID-19 restrictions like physical distancing and cashless payment are making life more difficult for those already vulnerable.
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There’s no indication that handling cash increases your chance of catching COVID-19. But that hasn’t stopped countries around the world from looking at digital currencies.
Cashless payment systems are not socially neutral. They discriminate against the ‘unbanked’.
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India’s recent move toward a cash-free society helped reveal just how important physical currency is to the informal economies that the poorest families depend upon.