Cash is still king across Europe, USA and Australia finds 2019 ING International Survey
Oct 7, 2019
On September 18th, 2019, ING published an international survey on payments, titled, From cash to crypto: The money revolution finding that across Europe, the USA and Australia, cash is still king.
According to the 2019 ING report, 54% of Europeans, 65% of Americans and 59% of Australians disagree with the statement, "I would prefer it if cash did not exist."
"...physical cash, a medium which may have been presumed to be on the way out, retains very high every-day acceptance."
From cash to crypto: the money revolution p. 3ING International Survey 2019
Excerpt from ING survey
For all the hype surrounding cryptocurrencies, consumers have yet to be convinced. The latest ING International Survey shows that "knowledge about digital currencies remains limited and cash is still king. To be a viable part of our everyday lives, crypto will need to be proven useful, relevant and trustworthy."
"One of the hurdles is that people like me and my mother like using cash. We like bits of paper with Her Majesty the Queen on it, that are universally accepted."
Philip MiddletonDeputy Chairmancentral bank thinktank OMFIF
ING International Survey 2019 'From cash to crypto: the money revolution'
Last Updated: Jan 12, 2024