Estonian Economist Suggests Abandoning Cash

J-Georg writes "Raul Eamets, professor of macroeconomics at the University of Tartu, proposed today during his TEDx talk that Estonia should stop using cash at all when adopting the Euro as the national currency (Estonian original). He also pointed out that abandoning cash would not be only important for the Estonian economy as a whole but also is a real challenge for both IT and banking sectors and would also improve Estonia's image as an IT-tiger."

Comments

Re:Abandon all your cash

[jlarocco]

Any takers? Maybe this is an opportunity to create a new startup. Maybe this is a niche that can challenge Paypal. Take it. Run away with the idea. I don't care who implements it, as long as it gets implemented.

If you think it's such a good idea, implement it yourself.

Re:Abandon all your cash

[jlarocco]

So instead he's just going to sit back and demand that somebody else put in all that effort so he can take advantage of it?

Re:Might I suggest an alternative currency

[nedlohs]

In your backward country maybe.