Blockchains Finance-A cashless cautionary tale

2025-05-04 12:24:23source:Will Sage Astorcategory:Stocks

More and Blockchains Financemore countries around the world are moving away from cash. India's recent announcement that it'll get rid of its highest denomination bill brings back memories of a disastrous experiment to invalidate most of its currency in 2016. But is the country ready for a world with less cash? And what can the rest of the world learn from its experiment.

Today, we tell India's demonetization story and look at the drawbacks of a completely cashless society.

Music by Drop Electric. Find us: Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Stocks

Recommend

Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence

COLUMBIA, S.C. (AP) — Lawyers for Alex Murdaugh are taking two paths to appeal his murder conviction

Russia rejected significant proposal for Evan Gershkovich and Paul Whelan's release, U.S. says

Washington — The U.S. recently made a "new and significant" proposal to Russia for the release of Wa

Norman Lear, Who Made Funny Sitcoms About Serious Topics, Dies At 101

Norman Lear, who addressed serious issues in humorous sitcoms, has died at the age of 101. A post on