Move over bitcoin, cash is still king

Move over #bitcoin, cash is still king

  • And it’s not only Americans who favor paper money — a separate study by PayPal – – cash is still king in most of Asia’s major markets – – Cardtronics said people might also favor paper for security reasons — and they may be right.The company said 84 percent of…
  • Harley J. Spiller, author of “Keep the Change: A Collector’s Tales of Lucky Pennies, Counterfeit C-Notes, and Other Curious Currency,” likes paper money for another reason: It’s simple.
  • And it’s not only Americans who favor paper money — a separate study by PayPal – – cash is still king in most of Asia’s major markets – – Cardtronics said people might also favor paper for security reasons — and they may be right.
  • Hackers have recently stolen millions of dollars worth of digital currencies – – security concerns, people may be right to seek comfort in paper money.
  • Harley J. Spiller, author of “Keep the Change: A Collector’s Tales of Lucky Pennies, Counterfeit C-Notes, and Other Curious Currency,” likes paper money for another reason: It’s simple.

Millennials might be bucking conventional wisdom, but paying with cash isn’t one of them.

You may want to think twice before paying your bills with plastic or cryptocurrencies.

A lot of people still prefer cash, in fact 27 percent of them do, according to

a recent study

by Cardtronics and Edelman Intelligence, which surveyed 1,000 people in May and June.

And it’s not only Americans who favor paper money — a separate study by PayPal

(NASDAQ: PYPL)

found that

cash is still king in most of Asia’s major markets

Cardtronics said people might also favor paper for security reasons — and they may be right.The company said 84 percent of respondents are worried about data security, and two-thirds said they make payment decisions based on which form is considered the most secure, up 6 percent since 2016.

Just this week, fast-food chain Sonic

(NASDAQ: SONC)

confirmed that

credit and debit card numbers were compromised in a malwareattack at some locations

. Last week,

Whole Foods reported a data breach of credit card information

used in taprooms and full table-service restaurants in some of the grocery chain’s stores.

Cybercurrencies don’t seem to be much safer than plastic.

Hackers have recently stolen millions of dollars worth of digital currencies

more

and

more

security concerns, people may be right to seek comfort in paper money.

Move over bitcoin, cash is still king