We re far from cash-less. Coins and currency involve social and cultural issues as well as economics. In fact, the United States, Canada and European countries have extensive plans for continuing to produce literally billions of coins in the coming years because there is a consumer demand for them in commerce. Eleven European countries have spent considerable time and energy to design historic new coins and paper money for introduction of the circulating Euros in January 2002. Let s be realistic.
Some business owners don t want to handle cash, but others depend on it.
A six-month experiment with smart cards in New York City was a dismal failure. Smart cards may be dumb for some consumers.