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Monday, 17th of February 2025 22:25
You can also find out more about the following: End of Cash It seems that the day is drawing closer. This payment method, which has been used in Spain’s stores for decades, is now at an all time low. Less and less people are paying for their purchases with coins and notes.
The convenience that comes with smartphones is one of the main reasons why this trend has declined. Credit and debit cards Card readers are increasingly common in all establishments. According to Bank of Spain statistics, card payment is now most popular in Spain. This is especially true for those aged 25-34.
The latest craze in the cashless The use of payment systems, which allow fast and safe transactions, has also grown. Many people are now opting not to carry a physical credit card and instead pay via their mobile phones. This prevents the inability to make a payment in case a card gets lost.
Most people use their mobile phone debit card to pay for goods and services.
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Many people have expressed their dissatisfaction with the use of cards to pay, even though it is convenient, especially if you don’t carry cash. Cash disappearance is a serious problem. The reasons given for some of these include privacy concerns, reducing the fraud risk and the benefits of using cash to help control expenditures.
Pedro Ruiz, a passionate supporter of cash
Some celebrities have also spoken about the cash crisis in Spain. One of those who has spoken out most strongly is Presenter and actor Pedro RuizX (formerly Twitter) account, he expressed his opinion about this trend.
“Yesterday in a few places, It was difficult to find enough cash to pay for two payments.Ruiz said. “The idea to dispose of cash is advancing. He said, “We must resist this.”
Ayer, en un par de lugares, me costó encontrar cambio en dinero efectivo para efectuar dos pagos. La idea de acabar con el dinero avanza. Hemos de resistirnos a ello.
— Pedro Ruiz (@ElPedroRuiz) February 6, 2025
The comedian has spoken out about the death of cash before, and has criticized it for months due to its risk on privacy. “I will resist until I am forced to.” Paying in cash is your only option to buy a sandwich or a pair socks, or even three kilos oranges, without being watched. At least, this is what we think. Ruiz’s X Profile was said a few month ago.
