Sunday, November 30, 2014

Digitization of Currencies to reduce counterfeiting of cash

Cash is the most predominant used payment instrument across the globe. Consumers choose to use cash more frequently than any other payment instrument, including debit or credit cards. In particular, cash plays a dominant role for small-value transactions, is the leading payment instrument for many types of purchases, and stands as the key alternative when other options are not available. Counterfeiting poses increasing challenges to currencies...