Why Cash Is Still King for Many in Singapore

This is the heart of Singapore where some of the world's biggest banks including JP Morgan and Bank of China z billions of dollars around the world in nanconds over computer screens. But down here in this tiny but popular corner of Raffles place cash is still king. The arcade is home to about 30 money changers.Every day hundreds of people line up here to exchange about 150 different global currencies. Japanese yen, Indonesian rupia, Malaysian ringit, you want Icelandic croner, no problem. But in this digita ...