Is a Cashless Society Achievable?

March 2018

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Abstract

Given consumers’ love of cash, what are the steps that would need to be taken to promote a cashless society? In Nordic countries and particularly Norway, consumer preferences in have driven down the use of cash. This paper starts from this baseline and considers the legal obstacles that need to be addressed as well as how a central bank-issued digital currency (CBDC) can be built on R3’s Corda.
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