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Is Cash Still King?
Report

Is Cash Still King?

Reviewing the Rise of Mobile Payments


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Editorial Rating

8

Qualities

  • Eye Opening
  • Overview
  • Background

Recommendation

As the use of mobile payments increases, the role of cash in people’s lives is under examination in America. In this astute article, policy expert Aaron Klein explores recent developments in payment systems and offers some hard realities about their access, costs and benefits. Along with its linked Congressional testimony, this paper provides eye-opening reading for financial professionals and anyone interested in the future of payment technologies.

Take-Aways

  • The demand for cash in the United States continues to grow.
  • Mobile payment applications are the real “digital divide.”
  • Cash needs to remain a viable option for Americans. 

About the Author

Aaron Klein is the policy director of the Brookings Institution’s Center on Regulations and Markets.