Chakravorti,
Chaturvedi &
Mazzotta,
HBRIt's been nearly 300 years since paper money became accepted as legal tender. While much has changed about how we make, sell, and buy goods, cash has stuck around. It's been only recently that the road to a wider cashless society has started to really take shape. From apps such as PayPal, Venmo, or Square Cash to mobile payment platforms like Kenya's mPesa, Bangladesh's bKash, or Apple Pay, there are signs that cash is following the path of other âÂÂinformation goods,â such as printed photographs, cassette tapes, and DVDs in being replaced by digital alternatives.
