Goldman Sachs: Trend Towards Digital Cash Is Unstoppable

Untraceable cash is headed for history’s trash bin, says research from Goldman Sachs. With Digital cash and cryptocurrencies such as Bitcoin growing, Goldman notes cash is involved in crime, tax evasion and tracking the population has its benefits, the research piece opines. Consumers can receive loans more easily, for instance. In a March 23 strategy note to clients, the investment bank with perhaps most influence with how cash is managed considered how cashing in on the death of cash can be profitable and pointed to what is painted as an inevitable movement. One year after Treasury mentions issues with digital…