Optus crash confirms why cash still matters | Canberra CityNews
Cash may no longer be king, but the Optus debacle shows it is still necessary, writes CHRIS VASANTKUMAR.
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Cash may no longer be king, but the Optus debacle shows it is still necessary, writes CHRIS VASANTKUMAR.
Electronic payments are convenient and are increasingly replacing cash, but when a network fails, the impact can bring a country to a halt.
When digital banking and transactions went offline for many consumers and businesses during last week's Optus network crash, it was a reminder of the vulnerabilities of a cashless economy, writes Chris Vasantkumar.
Even as Australian banks move away from handling cash, other countries, Sweden most famously, have been forced to walk back such measures.