• DEUTSCHE BANK: Cash is entering 'a long winter' - but don't expect it to die anytime soon

    One year ago - By Business Insider

    Society is far from becoming totally cashless, and suggestions that cash could be on the brink of extinction in Western society are way off the mark , according to a new report from Deutsche Bank.
    Writing in a note titled "Cash: In the long winter of its reign" Deutsche Bank economist Heike Mai argues that while use of cashless payments in the form of cards and apps is growing exponentially, the status of cash as king is not yet under threat.
    In other words, to paraphrase Mark Twain, reports of cash's death are greatly exaggerated.
    Mai focuses her research on Europe, and particularly the...
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