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No Silver Bullet on Closing the Digital Access Gap | Economic Empowerment | GZERO Media

The weaknesses of a digital economy

Is there any downside to going cashless?

Not really, but there are challenges, Usman Ahmed, head of Global Public Affairs and Strategic Research at PayPal, says during a livestream conversation on closing the global digital gap hosted by GZERO in partnership with Visa.

On the one hand, digitizing payment allows the creation of other financial services around it — mainly access to finance for the unbanked. On the other, there are privacy and security concerns, although these also exist with cash.

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