this post was submitted on 16 Apr 2024
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Reserve Bank considers the digital dollar: 'NZ's money must innovate to stay relevant ' (www.rnz.co.nz)
submitted 7 months ago by purrtastic to c/newzealand
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[–] Rangelus 1 points 7 months ago (1 children)

I don't think this is universally true. Both my kids weren't too fussed if their pocket money was cash, or deposited in their accounts.

[–] absGeekNZ 1 points 7 months ago (1 children)

It is not just the kids, the adults around also smile

[–] Rangelus 1 points 7 months ago (1 children)

I hate cash. I just have a card wallet, and a note clip if I absolutely need it. Otherwise I carry no cash.

[–] absGeekNZ 1 points 7 months ago (1 children)

I don't really use cash, I have a card wallet also.

But for pocket money and going to markets and the like, I use cash. Cash is just a tool, and sometimes it is the best tool for the job.

[–] Rangelus 1 points 7 months ago (1 children)

Absolutely. Which is why I think having a digital currency is great, because it adds another tool we can use.

Those that want to can use it, and those that don't can continue to use cash. I don't agree with some of the naysayers that digital cash will lead to the removal of physical cash.

[–] absGeekNZ 1 points 7 months ago

Agreed, at least in the short term. Physical cash will be around for a long time yet.