This Colombian town is trying to get rid of cash – but it’s not so easy
- July 29, 2015
- Bill Maurer, anthropology professor and social sciences dean, is quoted by Fusion July 29, 2015
William Maurer, a professor at University of California, Irvine who’s about to publish a book on the digital cash economy, says Concepcion’s experience is “very typical” for places trying to switch to mobile money. Although the system provides clear benefits, such as facilitating the transfer of remittance money to relatives in far-off villages where banks don’t exist, it usually takes time for people to adapt to the new technology.
For the full story, please visit http://fusion.net/story/174795/this-colombian-town-is-trying-to-get-rid-of-cash-but-its-not-so-easy/.