Australia will be cashless in FIVE years: Here's what you need to know

A cashless future is inevitable: And it's not just me saying it. The percentage of cash transactions in Australia is down to the single digits. So what does phasing out cash look like for Prime Timers? And how do we ensure no one is left behind in the transition? 

In this episode - I get TWO views. One from Kylie Hall, QLD Regional Manager at the Commonwealth Bank, and another from economist and cash futurist, Professor Richard Holden. 

We address the biggest fears, concerns and MYTHS surrounding digital currency including: 

• What happens in a natural disaster? 
• Transaction fees and charges
• Scams & prevention
• Busting cash myths “It seems cheap to use cash… but its really not!”  

You can find Prof. Richard Holden's book "Money in the Twenty-First Century: Cheap, Mobile, and Digital” at all leading retailers. 

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Get in touch with Bec here: Bec@primetimers.net

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