“APPLE WATCH – APPLE PAY” (CC BY-ND 2.0) by shinya The increasing popularity of digital payments means that we are edging closer and closer towards a cashless society. In 2015, Denmark made the move towards getting rid of the legal obligation for shops to accept cash payments in an attempt to cut down on costs for processing cash. The move made sense as an estimated third of the country’s citizens already used an official state mobile app called MobilePay to make payments. With the rise of alternative forms of payment such as contactless cards, mobile apps, and Bitcoin, it’s looking ever more likely…
Are Digital Payments Threatening to Make Cash Obsolete?
