I had a friend recently remark that it seemed quite unusual that I was into new forms of money (like crypto...) whilst still holding onto the use of cash. I ended up having to explain that the two types of payment were really quite similar... and that the odd one out was the use of cards and our current form of "electronic" payment. After that, they did have a bit of a think and conceded that crypto and cash had more similarities than they had otherwise thought.
Anyway, I do like spending notes... but when I get coins in return, I often leave them in the car or in random pockets... and when I get home, they get dumped into a key container... where they tend to just sit unused and forgotten about.
Sometimes the kids will have markets and fetes at school, in which case we send them off with a handful of coins... but the silver coloured ones do end up building up... I mean, these days, the tooth fairy will leave a 2-dollar coin in exchange for those baby teeth.
... and so, they build up and up... until I decide to go to the supermarket and just dump them into the payment machine one by one. I'm too awkward and embarrassed to spend them at regular shops, I hate making other people wait... but if they are going to force us to use self-checkouts, then I will take my time and just empty a complete container of coins into the slots.
... and this last time, it was a bit over 150 AUD in coins that went in! Amazing, there were mostly 1 and 2 dollar gold coloured coins in there, along with a smattering of silver shrapnel as well. Sigh...
... but one little down side. We also did the same thing in Europe, and we now have a pile of Euro coins that are essentially worthless here. My daughter has about 50 euro in coins, and we have been trying to exchange them somewhere... but there are no places that seem to want to take in coins. I guess that is no real surprise, we are quite far from Europe, and it would just be quite a lot of dead weight in comparison to the actual worth of the coins.
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Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
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MEXC: Accepts HIVE, and trades in most poopcoins! Join the casino!
ByBit: Leverage and spot trading, next Binance?
OkX: Again, another Binance contender?
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Think carefully before simply getting rid of dead weight, tell your daughter to hold onto the coins she has, one day will be worth selling.
As for cash I think the system will remain for some time to come, folks are hesitant to simply stop using, even plastic ATM system here is not yet fully embraced by all.
Oh, I'm not sure that these will be worth much. They aren't really mint condition... and there are quite a few in supply! I do hope you are right about the cash future... there does seem to be a big push to phase it out.
Many simply lie around eventually gain value, I don't see cash going out of fashion in a hurry here.... Replacing a fancy lock on a security gate by a large company, requested cash payment on completion.
Oh yes, tradies (and musicians...) will always like a cash job!
Majority of our people still only work for cash, will be a long time before digital comes into fruition here.
Ahora todo es digital prácticamente, bueno a mí me gusta 🤭❤️ también tener efectivo y monedas lo es 🤭❤️
Ah, it is practical... But I do prefer cash!