With cash, virtually no one has an incentive to promote it. Yet when you describe it in basic terms, cash is amazing: “It can be given by anyone, accepted by anyone, settled and cleared instantaneously,” University of California at Irvine professor Bill Maurer told Grabar.

For the full story, please visit https://www.barrons.com/articles/the-winners-and-losers-in-a-cashless-society-1532985580.

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