To hear tech­nology folks tell it, cash isn’t long for our world. Plastic — in the form of credit cards and debit cards — is the go-​​to pay­ment option for most con­sumers today. Our mobile phones are threat­ening to replace our wal­lets, and recently we’ve seen the arrival of so-​​called vir­tual cur­ren­cies like bit­coin, even if most of us haven’t exactly embraced software-​​backed money yet.

But for all the talk of an increas­ingly cash­less society, experts doubt hard cur­rency will vanish completely.

Just as the check did not end the need for cash, debit and credit cards or bit­coins are not going to end the need for cur­rency,” says Jef­fery Born, pro­fessor of finance at North­eastern University’s D’Amore-McKim School of Busi­ness. “The ratio of cur­rency to other forms of money may con­tinue to decline, but it’s hard to imagine the ratio going all the way to zero.”

Read the article at Yahoo! Finance →