Dematerialization and the Cashless Society: A Look Backward, a Look Sideward

Patrice Baubeau (patrice.baubeau@orange.fr)
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Patrice Baubeau: Université Paris Nanterre, Bât. Max Weber, 200 avenue de la République

Chapter 9 in The Book of Payments, 2016, pp 85-94 from Palgrave Macmillan

Abstract: Abstract The idea of a cashless society, as promoted for the last half-century or so, combines two key ideas, namely the disappearance of cash from Mr and Mrs Smith’s pockets and the role played in this change by a technologically-led move towards the dematerialization of money. Nevertheless, even though a kind of consensus is noticeable upon the progressive disappearance of cash and check payments, from a longer-term perspective the two key ideas of cash and dematerialization appear problematic at best. In fact, dematerialization goes hand in hand with materialization and depends a lot on how these terms are interpreted.

Keywords: Payment System; Legal Tender; Paper Note; Gold Coin; Progressive Disappearance (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-60231-2_9

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DOI: 10.1057/978-1-137-60231-2_9

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