About: http://data.cimple.eu/news-article/058866a52ce4cc0e0b2a8d7f91c66d6c46a112575c0548b8ca6301c6

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About: http://data.cimple.eu/news-article/058866a52ce4cc0e0b2a8d7f91c66d6c46a112575c0548b8ca6301c6 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	More than half of the value of purchases in the eurozone were cashless for the first time in 2019, according to a European Central Bank study published Wednesday. Consumers in the 19-member eurozone paid for purchases in cash worth just 48 percent of the total value, with more customers using card and other cashless payment options, the study on consumer attitudes said. According to a previous study, cash still counted for 54 percent of the value of purchases in 2016. However, in terms of individual transactions, a large majority -- 73 percent -- were still made by cash in 2019. It suggests cash is more commonly used for smaller purchases. Southern Europeans are keener on using cash to pay for goods: Malta tops the list with around 88 percent of the value of transactions, with Spain and Italy close behind on 83 percent and 82 percent respectively. But in the Netherlands, cash makes up just 34 percent. The authors of the report added that the pandemic had accelerated the trend towards cashless payments. A separate survey published in July on the impact of the pandemic on cash trends showed nearly half of respondents used less cash than the start of the pandemic, and nearly 90 percent said they would continue to use less after the health crisis is over. The latest report comes as the Frankfurt-based institution is considering whether to introduce a digital currency. A digital euro would be an electronic form of central-bank money, which proponents say will allow for faster and cheaper payments as they cut out the administration and the high costs needed in traditional banking. jpl-edf/hmn/rl
schema:headline	Over half of eurozone purchases were cashless for first time: ECB
schema:mentions	European Central Bank Eurozone Digital currency Malta Netherlands Spain Italy Pandemic Digital electronics
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-12-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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