A new pro-cash initiative in Spain is gathering support for freedom of payment choice and emphasising the irreplaceable benefits of banknotes and coins to the nation’s economy and society.
Plataforma Denaria—or the Denaria Platform—gathers the common interests of companies, institutions, and social groups to serve as a voice for cash throughout Spain, supporting the right to pay using physical money for all goods and services.
Cash is still the most common form of payment in Spain, however with the proliferation of alternative options—driven by profit-making considerations such as the need to acquire and monetise customer data—the platform aims to ensure cash retains its legal status and is preserved as a choice for future generations.
In its mission statement, the Denaria Platform notes cash is a universal, free payment method and a symbol of individual rights and freedom that serves as a pillar of financial inclusion. It also highlights the value of cash to a nation’s infrastructure, since cash will function as an exchange of value during economic or public health crises or during disasters, allowing people to buy essentials and providing vital support for the nation’s economy.
