Cash is king no more in Germany as cards gain ground

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  1. Cash is king no more in Germany as cards gain ground  Reuters
  2. European officials: Virtual currencies are no way to pay  Washington Post
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Cash no longer makes up most of the money spent in Germany, a Bundesbank study showed on Wednesday, denting a historical supremacy over other means of payments rooted in the country s longing for privacy and freedom..Cash s history supremacy in retreat* Cash now used for under half of transactions* Debit, credit cards gradually gain ground* Internet payments small, but growing Adds Weidmann By Francesco CanepaFRANKFURT, Feb Reuters Cash no longer makes up mostof the money spent in Germany, .Cash is king no more in Germany as plastic money gains ground. Cash accounted for . percent of German transactions by volume last year, below the half mark for the first time since polling started in . Cards were mostly responsible for the change as they grabbed a . percent market share last .







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