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Can digital currency replace the cash system?
The Inquiry
The Death of Cash - Part 4 - Expert Witness
Despite Dave's assurances, we're beginning to see that sticking with good old-fashioned notes and coins may not be as unpalatable as it once seemed. Our final expert witness is a monetary anthropologist. He points out that there may be worries about cryptocurrencies and governments having control. But in the immediate term, as we pay for more and more with plastic cards and electronic transfers, the organizations that are in the best position to mess with our money are the banks. The main debate around what's called cashless society is actually not about crypto, but really about whether or not big tech companies will take over the monetary system from the state cash system.
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