• Andreas Jakob

Digital vs Cash Payments and Crypto

Updated: Nov 22, 2019

Did anyone noticed that you pay more and more digital vs back in the days where you paid with cash?

“Sweden is making headlines as the first country to officially go cashless, and plenty of articles are speculating that other will follow shortly..”

Did anyone noticed more and more Rules trying to regulate on how much cash you supposed to have? Governments even regulate on how much cash is allowed to be carried without "declaration" between country's.

Yes, paying with Cards is the most convenient way of getting your groceries paid, but what does it mean for Me?

What happens when i pay with #cards?

Cards dominating the business by offering the Clients seamless #unlimited access to their Capital by allowing the Card holder paying for their daily business with simple exchange of Credentials. this credentials could be Hardware like your #CreditCard or as simple as providing the numbers on the card in any way. the Clerk can use this "Credentials" to request Currency from Company who is handing this Credit card to their clients.

Why do Credit-Card Company's promote the pay with card? its simply profit driven, they get the Money instantly form you, they receive up to 14% of transaction fee for every Payment and they collect a immense amount of Data on Who spends How much where which goes into on when and and even for what. This Data is Harnessed for Data analytics and even sold to other Company`s to make profits on this statistical Data.


  • fast access to your Capital

  • can be used Online

  • Secure Access can be blocked in case of lost / stolen

  • comes most of the time with small perks like bonus points


  • tracked by booth Governmental and Financial Institutions

  • keeps a seamless endless history on Who, What and Where

  • easy to lose track on how much you spend

  • high merchant transaction fees which are sometimes paid by customer

What happens when i pay with #Cash?

Cash the simple and traditional way of paying, is a little outdated these days, it does not hold real value, its not secure which means as soon you lose it its gone. But on the other side it comes with Privacy, #noone knows how much you have until you show them, and noone can track you on what you spend where except if you use those little reward cards... bummer even Cash is tracked some time..


  • easy track what you spend by your wallet

  • not tracked if you hide it

  • no history if do not use reward Cards


  • not secure on its own

  • natural inflation is regulated by the national banks

  • lots of regulations,

  • cannot be used Online

So is there an alternative?

these days we hear more and more news about #CryptoCurrency which seem to grow in every corner and lots news about the major Crypto Currency like #BTC or #ETH are rather concerning and nonsupporting than Supportive, but i think overall its the next step of #Currency and if you invest now right, then it can bring you a small fortune.

History fact: 1 BTC costed between $0.008–$0.08 in 2010 and it rushed up to a staggering high of 19,783.06 $ in Dec 2017 and is currently traded around 10.000$ per Coin. but do I need to have a whole Coin to be able to pay something? No Crypt Currency can be cut down into several chunks, the currently smallest chunk is one hundred millionth of a single bitcoin which equals to around 0.0001 USD so you would need 100 of them to get one Dollar cent.

And the best Feature of crypto Currency its anonymous, the crypto wallets do not have a name to them and they can be only accessed if you have the access key but without you can only transfer crypto Currency in.


  • can be used Online

  • has no physical footprint

  • is not regulated by banks

  • most crypto wallets are free but I would recommend a Hardware Wallet


  • is only worth what someone is willing to pay for

  • big fluctuations on the current market especially for new Coins

  • irreversible if you loose access to your wallet

more to Crypto Currencys soon...

Do you have a shop and you are interested in a POS System which allows you to accept Crypto Currency in your Local Shop or WebShop? register here :


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