That may be all you need in your wallet, your credit card.
“Cash rules everything around me” may be a statement of the past. The world continues to digitalize. Technology plays an increasingly important role in business. Credit cards may soon take over the need for cash money. The gradual replacement has started long ago. How often do we make huge purchases like airplane tickets, furniture or electronics with cash? Unless anyone is feeling particularly safe carrying around inconspicuous briefcases filled with hundred dollar bills, they will probably be paying with their credit cards. Further, businesses are unlikely to accept huge amounts of cash considering the factors of counterfeit, security and length of the transaction.
The convention of using cash may become a relic in a few decades. However, the transition would not be an easy process. Two major problems would be security and accessibility. Credit card fraud one is one horror story told too often. Also, not everyone has a credit card. Even if they did, it may not be accepted by all vendors. This is sounding all too familiar, it comes into question how is using credit cards any better than using cash.
In its essence, perhaps this need to transition is just a symptom of our society’s tech-obsessed mentality.
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