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Physical cash is one of the easiest ways to instantly and reliably conduct commerce.
It has been well-documented that the ease of transactions within a nation is as big of a determinant of a country’s success as is access to natural resources like oil and natural gas, or even a well-educated population.
So, what would happen if we got rid of cash?
#Cashless #Finance #Economics
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References →
http://economicsexplained.io/cashless