A cashless economy: is the world ready?

[Nomad]

There are 8 billion people and only 5.35 billion people use internet, therefore cashless economy is not possible

 

[kerryjoy]

I'm uncertain if we'll ever be entirely prepared. While I acknowledge some readiness, transitioning to a cashless society raises concerns about complete traceability and potentially diluting the significance of currency.

 

[Stardom22]

In my country the cashless methods of handling the cash charge higher transaction fees that discourages the whole process for using the cashless.

 

[freelancermaria]

In my country the cashless methods of handling the cash charge higher transaction fees that discourages the whole process for using the cashless.

That is correct. The fees can be high when choosing a cashless method of paying for goods and services. It makes people use cash instead.