ASSESSMENTS

A World Without Cash

MIN READFeb 29, 2016 | 10:30 GMT

Technological advancements are making cash-free transactions easier than ever, but there are also distinct structural advantages to a cashless economy.

(Wikimedia/HLundgaard)

The eurozone has found a new scapegoat for international crime: the 500-euro note. The Continent's leaders are seriously discussing decommissioning the euro's highest denomination, which is favored by crime groups for transferring massive sums across international borders. Eliminating the bank note could help temper criminal activity, but in reality the implications are much greater. The idea is just the most recent step in an ongoing process moving Europe, and indeed the world, closer to an entirely cashless economy....

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