Maggie Pagano: Why Cash is Still the Most Reliable Payment Method
Friday, 19 July 2024, 20:50
Introduction
The recent IT outages have revealed vulnerabilities in our financial systems.
The Impact of IT Failures
A simple flick of a switch or a technical bug can disrupt services, causing chaos in the financial world.
The Reliability of Cash
In light of these incidents, cash emerges as a resilient alternative, showcasing its enduring value as a payment method.
Conclusion
While we embrace technological innovations in finance, the latest disruptions remind us of the necessity of maintaining cash as a viable transactional option during unforeseen circumstances.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.