DASH Robin! Its more complex

Cash may be losing ground to alternatives but it is still 47% in Australia and 85% of all retail transactions globally. It comes down to:

1/ Anonymity - Many segments of the economy are still cash and we love it

2/ Speed and experience compared to banking products – cash is still way faster and more convenient than bank alternatives.

Standard Chartered Bank's DASH release is a good example. It still takes time to get the phone out, open the wallet, enter the counter code, enter the money amount etc etc. During the course of which a customer could have either paid with cash or "Tap and Go" It appears not only to have not solved a problem but to actually have created one.

eCommerce will shift the proportion of transactions being conducted cashless as cash doesn't currently work online, forcing people into scheme based payments, such as credit and debit cards but as digital cash becomes better understood this tide will turn  

This tide is also in direct contrast to initiatives such as the  New Payments Platform (NPP) project in Australia which demonstrates a continued willingness by central bodies to create payments hubs with central addressing service and an ignorance of the trend towards decentralisation and networked economies

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