Getting cash out of the system; the good and bad of cash and the move to digital. The emergence of COVID-19 has made us rethink our need for cash. Our thoughts on how the elimination of cash could contribute to the reduction of government debt and encourage a stronger GDP resulting in more investment dollars into the Canadian market. By removing cash and creating a digital transaction record could we begin to put pressure on the illegal drug, arms and sex trade industries. As well as how embracing digital payment systems can really start to simplify your life.
We explore this and more today on ThinkSmart!
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