all the features that make physical cash an ideal medium for exchange. There’s a reason why “cash is king,” he said, referring to physical money’s portability, privacy and role in securing individual sovereignty.
“Cash is a really great product [...] People like cash. It’s private, it’s secure, it’s a bearer instrument, it provides final settlement between you and a counterparty,” he said, adding: “There’s so much energy in the world aimed at taking away the features that make cash so powerful. There’s a reason why people in countries around the world actually would prefer cash over mobile money because it gives them more self-sovereignty, it gives them more economic freedom.”are limited by the destination country’s lack of adoption of digital technologies. Saleh is the executive director of BRAC Bangladesh, a nonprofit organization aimed at tackling poverty.
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