The Fletcher School of Law and Diplomacy, Tufts University has released an interesting new study on the cost of cash in the U.S. While the subject, strategic impact, and general premise is certainly not new, Tufts’ researchers put an updated price tag on the use of cash.
Here’s what they wrote about their new paper:
“After more than 2,000 years as king, cash today faces competition. Private vendors have introduced a host of substitutes they claim are better than paper currency, and new technologies – from mobile payments to electronic payment services – threaten to make cash obsolete. Still, cash continues to play a major role in the United States economy.
Over the course of a year, the Institute for Business in the Global Context at The Fletcher School, Tufts University, studied the cost and benefits of cash in the United States. Looking at patterns of use on a total cost-of-ownership basis, the study yields new insights on its use, the reasons to consider cash versus alternative payment systems, and the impact of cash use on different participants, consumers, merchants and society.”
Learn more: http://fletcher.tufts.edu/CostofCash/Papers