China is able to compete with the US with its growing industry. The cashless community plane has already taken off. We're not gonna use any more money. Even credit cards will not be used. Everything can be handled by mobile payment.
Although the new paying methods provides many advantages, I think it is important to maintain cash as an option. Physical currencies provides much better availability because aren´t affected by electricity blackouts, Internet disconnections, cyber attacks, etc.
Even in China the government says cash must by universally accepted as payment method
China is able to compete with the US with its growing industry. The cashless community plane has already taken off. We're not gonna use any more money. Even credit cards will not be used. Everything can be handled by mobile payment.
Although the new paying methods provides many advantages, I think it is important to maintain cash as an option. Physical currencies provides much better availability because aren´t affected by electricity blackouts, Internet disconnections, cyber attacks, etc.
Even in China the government says cash must by universally accepted as payment method
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Mobile payment is commons and widely used here, only second to cash
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