Bar Is Back: Cash Is King in Germany
A resurgence in the use of physical currency in Germany has been observed.
Despite the increasing popularity of digital payments, cash is still widely accepted and preferred in many situations within the country.
When visiting Germany, one of the things you may notice is the prevalence of cash as a method of payment. Cash is still widely accepted and is often preferred over digital payments, even in large cities and for significant purchases. There are several reasons for this phenomenon.
The German government has maintained a supportive stance towards cash usage. In 2017, it implemented a law that requires certain businesses to accept cash. This law aims to protect the rights of individuals who do not have access to digital payment methods, such as the elderly or low-income households.
There is a strong cultural attachment to cash in Germany. Many Germans value privacy and do not wish to share their financial data with digital payment providers. Cash offers a sense of control and anonymity that is not always available with digital transactions.
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