Why cash could soon be a thing of the past in the Gulf

Why cash could soon be a thing of the past in the Gulf

The concept of cash will be consigned to the history books in a matter of years in favour of a global digital currency, according to Mohammed Amin, senior vice president Dell Technologies in the Middle East, Russia, Africa and Turkey (MERAT).

Amin told Arabian Business that the move towards a cashless society has been exacerbated by the global coronavirus pandemic, as businesses and individuals alike look at different ways to transact safely.

The disruptions caused by Covid-19 have led to increased concern about the safety of using cash

He said: “So many of the central banks in the world are going for a digital currency. I believe that cash is going to be over in the next few years and I believe that digital currency is going to take over, but not the