ETF Trends
ETF Trends

By Havana Yarasuri via Iris.xyz

Cash transactions play a dominant role in the lives of millions of people around the world: Cash is the leading payment instrument for day-to-day purchases such as groceries, petrol, and in some cases, even real estate.

For Khin San, a small farmer from Myanmar, cash is central to her livelihood. She often travels with large amounts of cash and uses an unregulated network of brokers to buy fertilizers and seeds for her crops. Khin San’s case is not unique. Cash accounts for roughly 80%, or 1.4 trillion, of consumer transactions around the world per year. Indeed, every person makes at least one or two cash-based transactions daily.

Click here to read the full story on Iris.xyz.