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Name: If digital payments are everywhere, why does physical cash still exist? At The Economic Club of New
Uploaded: 2026-04-08T22:00:02.998Z
Channel: Circle
Description: If digital payments are everywhere, why does physical cash still exist? At The Economic Club of New York, Jeremy Allaire explains that demand is not really for paper money. It is for the dollar itsel

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If digital payments are everywhere, why does physical cash still exist? At The Economic Club of New York, Jeremy Allaire explains that demand is not really for paper money. It is for the dollar itself. Around the world, people use the dollar as a unit of account and store of value. The format matters less than the trust and stability behind it. That shift helps explain why digital dollars are gaining traction, not as a replacement for the dollar, but as a new way to access it.

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