Why ‘they’ want to BAN cash 😳

Transaction Costs & Impact - Banks profit from transaction fees when card payments are used [1] - Multiple 1.5% transaction fees charged by banks erode the value of money over time [1] - After 20-30 transactions, banks may be the only ones with the full $100 [1] Cash vs Card - A $100 bill retains its full value when used in multiple cash transactions [1] - The financial industry aims to eliminate cash transactions [1]