k-flash audio comment
Banks without cash
The case
Six million Twint users: Switzerland, a banking nation, is heading for a cashless future.
Source: CH-Medien & tippinpoint
The commentary
Banks have been discontinuing traditional cash transactions at the counter whereas the use of digital payment solutions has been skyrocketing.
Last week, the Swiss National Bank unveiled designs for a new series of banknotes, which are colorful, quirky and animal-themed, with even a brontosaurus adoning one of the notes. But just like the dinosaurs that became extinct millions of years ago, cash is also in danger of turning into a fossil of its own kind.
This publication has been prepared solely for information purposes and is does not constitute a recommendation, a solicitation, or an offer. The information on which this publication is based has been obtained from sources that we believe to be reliable and in good faith, but we have not independently verified such information and no representation or warranty, express or implied, is made as to its accuracy. All expressions of opinion are made as of the date of publication and may be subject to change without notice. k-flash and all related affiliates accepts no liability or responsibility whatsoever for any consequential loss of any kind arising out of the use of this publication or any part of its contents. The use of this publication should not be regarded as a substitute for the exercise by the recipient of his or her own judgment. This publication is not directed to any person in any jurisdictions that prohibit such publication.
