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Are we ready to move towards a cashless society?

Are we ready to move towards a cashless society?

In the past few years, digital or virtual currencies have been steadily gaining popularity and trending worldwide. The biggest accelerator behind this is the advent of cryptocurrencies such as Bitcoin, but are we ready to move towards a cashless society - from a consumer and a government perspective? What is a cryptocurrency? And why is there so much hype around them? A cryptocurrency is a virtual currency designed to make transactions transparent and secure, by operating a decentralised and trustless network that stores transaction details in a distributed transaction ledger (DTL) encrypted with mathematical algorithms.

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