The rumor is circulating a lot in some countries of the European Union. And in Italy too the measure now seems to materialize in Italy too. Here’s what happens.
The idea is frightening and is now circulating insistently: red light in the use of cash. And fear seems to terrify lenders and users. In some states it is now insistent and has materialized in some European Union countries that have already raised a wall to withdrawals for the use of the ATM. News of historical significance. In truth, there is a common fact for many banks: the war between Russia has caused a decrease in revenues and collections. This automatically results in the loss of cash, which adds to the economic crisis produced by the Covid which has crushed hundreds of Italian families forced to tighten their belts. In addition, the taxes that come from the European Central Bank (ECB): almost zero interest rates, which means less long-term revenue for lenders.
Red light on cash, what you need to know
We start from a fact that we will have to face sooner or later, especially in our country: the use of cash with the passing of the years will always be good. For several reasons: the first is the impossibility of tax evasion by the merchants, who are forced to trace the transaction. Furthermore, the use of ATM e credit card regularize the market. Just see what happens in the rest of Europe. For example, the german bank, one of the most important banks in the Germania and Europe, has initiated a process of eliminating the counters where you can withdraw. It is an operation online banking which carries the risk of closing 266 branches.
Cash out, here’s the calendar
Therefore, the Dutch bank Ing and the German bank will be the first to adopt this solution. From first day of July it will no longer be possible to withdraw money from branches, even in Italy. Online banking had already been increased with regard to financial advice, in such a way as to bring the needs of users closer to those of social distancing due to the pandemic. Now, instead, a further step: say goodbye to cash and favor the 100 percent computerized payment systems.
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