Cash - A modern means of payment or a thing of the past?
Claude Piel 科萍
Diplomatic Council (UNO reg.) Business Consul #SDGAction50561 Français Deutsch English 中文
With regards to the increasing number of cashless payments, i.a. by girocard, credit card or bank transfer, the question of the future of cash has been on the agenda for some times now.
And there was for the Frankfurter Presse Club no better place to answer this very question than the headquarters of the Deutsche Bundesbank in Frankfurt am Main - the Central Bank of the Federal Republic of Germany. Stefan Hardt, Director General Cash Management, gave an important insight on this very topic during a FPC journalist's visit on February 25th, 2020.
Together with Michael Best, Spokesman for the President and Director General Communications of the Deutsche Bundesbank he answered the journalists' numerous questions.
Paying cash is for example less expensive since it costs less time than paying by debit and credit card with a PIN or a signature.
Taking into account the developments in cashless payments in Asia and China for example, or with Apple and Google pay and the rise of the cryptocurrencies, we will follow this up.