Lighting a cigarette with a banknote

We all have the feeling, given the increase in the use of digital currency, that it will disappear at some point in the history of the planet, although some economic thinkers assure that this is impossible, the elimination of paper money will be real in a few years, given the great technological leap that this matter has been made in recent years.


There are many countries that have already addressed this issue in a serious and definitive way, as is the case of Denmark, which started this process in 2016, certainly a slow development, but equally safe and with the certain goal of dispensing with paper money circulating among citizens. Sweden is another country that is taking giant steps every day to achieve this goal. In the Americas, Mexico is perhaps the country that has made the greatest contribution in the direction of eliminating the movement of cash from its transactions, creating very effective financial instruments through digital platforms.


Let's remember that traditionally, since man has lived by exchanging salt or bartering, the material was important to him, using cash provides a feeling of autonomy without requiring to make any purchase of intermediary either people or machines. This psychological impact can affect consumer behavior in countries with very old populations whose habits are more difficult to change, on the other hand it also has a logical impact on the visual and mind, feeling empty pockets in countries with low digital communication development will certainly be an impact that must be faced.



Venezuela does not escape from this reality; the digital bolivar has been announced for the next few days, another reconversion that not only has serious implementation problems but will also act directly on people's attitudes towards paper money. Legend has it that very wealthy people, in order to show the great amount of bills they had, used to throw away the lower denomination bills or even light a cigarette using a lit bill as a fire. As a sign of a culture of backwardness that has not yet been completely uprooted from the population, on more than one occasion a Venezuelan went out to show the amount of paper bills he had in his wallet as a sign of having, a verb that has been given greater importance than being.


We will see how this digital transformation results in the country of electricity interference, low connectivity:* "The absolute digitalization of legal tender is not very feasible because the electronic means of payment are not 100% reliable, nor do they cover the entire population, especially in the case of rural or urban populations where the power supply and connectivity services fail with some frequency, as is the case in Venezuela "* Link

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