The European Central Bank (ECB) has pledged to continue circulating euro currency despite attempts of other countries to go cashless.
In an announcement released by ECB recently, the bank said that since the majority of the consumers remain to use cash, it is “committed to maintaining euro cash and will continue to make sure it is available.”
ECB assures availability of euro banknotes
This means that euro banknotes’ availability and their manufacture are ensured. However, to assure that these are secured from being counterfeited, the ECB is “developing new designs and topics for future banknotes.”
“More than half of all day-to-day transactions in shops, restaurants, etc. are made using coins and banknotes.”
Cashless and crypto payments
For the 22% of those who use cash, their reason is that cash “helps to track their expenses and is more private.”
SPACE is conducted on a regular basis to shed light on payment trends in European-member countries.
