Cash’s Death Is Vastly Exaggerated: Deutsche Bank

Cash’s Death coming soon – well it depends who you ask but one big bank is not buying it. With a plethora of emerging digital options on top of traditional credit cards, many consider cash unnecessary. Some believe it to be dying, and some others – crime fighters, for example – want it dead. All are wrong and the older form of currency is in no real danger of dying.   Simply look at the currency in circulation in the euro region, Deutsche Bank economist Heike Mei said in a recent note. Cash as a percentage of GDP has doubled…