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Scenarios for the future of cash

Cash of the Future: three hypothetical scenarios on the role of cash in Germany

Jun, 2025

The study ‘Cash of the Future’ by the Bundesbank analyses how the use of cash in Germany could evolve between 2025 and 2037. Through three possible scenarios, it examines various social, economic and technological factors that could influence the role of cash in the future.

National Security

The importance of cash to National Security

Jun, 2025

The defence of cash is a requirement of our model of social democracies where access to services of general interest for the most vulnerable (and access to cash is one of them) is a central element of this model. At a time of growing geopolitical tension and vulnerability of digital infrastructures, it is crucial not to rely exclusively on a single means of payment. Denaria calls for an urgent update of the regulatory framework that recognises cash as a critical infrastructure and guarantees its presence and acceptance throughout the country.

Cash: Privacy and Security

The resilience of cash in the digital age

Jun, 2025

Despite the rise of digital payments, physical money remains valid as a store of value, a guarantee of privacy, and an essential resource in times of crisis.

Digital consumption

Digital consumption triggers impulsive habits and reduces financial self-control

Jun, 2025

The immediacy of digital payments and the pressure of social media are transforming consumption into an increasingly compulsive phenomenon, threatening citizens' autonomy and conscious control.

Shadow banking

Shadow banking: the hidden side of finance that challenges traditional banking

Jun, 2025

Shadow banking is growing rapidly thanks to fintechs, investment funds and insurance companies operating outside banking regulations. Their opacity, interconnectedness and leverage pose systemic risks that are reigniting the debate on the need for greater international supervision.

The digital yuan, China's state-owned digital currency

The digital Yuan - the future of money or a tool of total control?

May, 2025

The digital yuan, China's state-run digital currency, represents a fully centralised and programmable monetary system, where the government can track all transactions in real time, impose restrictions on the use of money and even freeze funds without judicial intervention. This technology, already implemented in China, eliminates financial anonymity and gives the state unprecedented control over the economy and the lives of its citizens, while progressively reducing the use of cash.

Moreover, the e-CNY is being promoted internationally to reduce dependence on the dollar and strengthen China's global influence, in a context of increasing geopolitical tension. Thus, the digital yuan raises the question of whether we are facing a monetary revolution or the consolidation of a system of total control.

Preparing for emergencies

The EU promotes a citizen resilience plan: it recommends that European households have emergency kits

Apr, 2025

Brussels recommends that European households stockpile basic supplies (including cash) to cope with climate crises, armed conflicts or power cuts.

Nigeria: eNaira digital currency

Nigeria files $81.5 billion lawsuit against exchange platform Binance

Apr, 2025

Nigeria is suing Binance for $81.5 billion, alleging economic losses and tax evasion. Authorities claim that Binance's operations have affected the stability of the naira currency and accuse the company of failing to meet its tax obligations. This case reflects the regulatory, economic and social challenges facing cryptocurrency platforms in emerging markets.

Nomophobia: irrational fear of being without a mobile phone

Nomophobia, the disorder that affects 70% of Spaniards.

Mar, 2025

‘I look at my mobile phone: 4 hours and 24 minutes of use yesterday’ “I just swiped my finger, watched videos, read posts, jumped from one thing to another without noticing” “When there were no mobiles and no internet, those hours were full of life”.

Switzerland 2025: constitutional protection of cash

‘Switzerland, a pioneer in the constitutional protection of cash’.

Mar, 2025

In a global context of accelerating digitalisation, Switzerland stands out as the first country to consider protecting cash at the constitutional level. The initiative, promoted by the Swiss Movement for Freedom, has gathered more than 130,000 signatures, forcing parliament to debate the proposal. The bill is currently in the consultation phase and has not yet entered into force.

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