When was the last time you used cash for a major purchase, like a new pair of shoes? Dinner for two at a restaurant? Or to pay for a tank of gas?
There’s a good chance it’s been a while. Researchers have been following the trend toward a “less cash” society for years, documenting the threshold where people switch from currency to a payment card and how businesses make the decision to go cashless.
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How close are we from entering into a world where cash is no longer accepted? Do we truly understand the benefits and implications of completely going cashless and relying solely on financial transactions that are intimately connected with our data? Dr. Shelle Santana, Associate Professor at the Harvard University Business School, answers these questions and more on this episode of the >Better Series podcast.