As money moves digital, Denver Mint still coins a pretty penny
As money moves digital, Denver Mint still coins a pretty penny
- April 15, 2024
- Bill Maurer, anthropology, Christian Science Monitor, April 15, 2024
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For some people, physical currency is crucial for daily life. In 2021, the “unbanked” share of the population stood at 4.5% of U.S. households – nearly 6 million, according to the Federal Deposit Insurance Corp. Eliminating cash would further shunt those people out of the economy, says Bill Maurer, director of the Institute for Money, Technology and Financial Inclusion at the University of California, Irvine. … Though their relevance is questioned, coins are “one of our most ancient technologies,” says Professor Maurer of the University of California, Irvine. “As a human invention, they’re a relatively successful one and a durable one.”
For the full story, please visit https://www.csmonitor.com/layout/set/amphtml/USA/2024/0415/money-digital-denver-mint-coins-crypto.
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