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Transition to Cashless Society Still Takes Time, Says Greek Banking Leader

The president of the National Bank of Greece, Gikas Hardouvelis, emphasized the ongoing coexistence of cash and digital payments as society transitions to fewer cash transactions. A recent survey revealed that 60% of Eurozone consumers still prefer cash, with concerns over anonymity and stability being key factors. Hardouvelis pointed out the regulatory uncertainties surrounding cryptocurrencies, noting the challenges they face, including risks tied to their volatile value and potential misuse. These insights were shared during an event at the Numismatic Museum, coinciding with an exhibition on the history of currency.

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