Cashless society almost a reality across the globe
By Zhuang Qiange | China Daily | Updated: 2017-12-19 07:28
The slow death of the humble coin has become a global phenomenon.
Smart cards and mobile payments are gradually moving the world toward a cashless society.
In 2011, the United States Mint suspended the production of Presidential $1 Coins, "to reduce costs and improve efficiency," according to Tim Geithner, who was US treasury secretary at the time.
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