Kenneth Rogoff Quotes

I think cash will be around for a long time.

If you want to deemphasise cash, then people should not only have an incentive for going digital but also a disincentive for doing cash.

When I was coming up through the ranks, not that many people carried a lot money of money on them. This was before checks and credit cards.

People are used to cash, and getting them out of that is going to be a long and tough exercise.

It's been with us for a millennium, and we'll still be carrying around cash for a long time to come. There'll just be less of it.

We are quite a way off before people travel around the world without cash in their pockets. The growth of plastic and electronic transactions have tended to impact traveller's cheques rather than cash.

What needs to be done is that the digital initiatives that we had started, that those get the same kind of focus, and that we now disincentivize the use of cash. If you're going to slide back into the ways that we had before this demonetization impact, then you really won't get the benefits.

Only criminals want to use cash.

Digital payments have already made it easier to move and manage money. While there's more work to do, the potential is real and understood.

Physical money, whether it's checks or cash or credit card, are digitizing in front of us.

The truth is I don't really like the world of plastic money: the great chip-and-pin double act of modern payment. I prefer cash. I don't like the idea of some distant clerk nodding each time I make a card purchase and quietly adding to my 'consumer profile.' I'm anti all cards.

The truth is, I never travel without cash. I always take a few tens with me in case of an emergency. There's never been an emergency, and in time, I realized that Americans don't want to touch customers' dirty bills. They also don't want to touch your credit card: you have to put it through the machine yourself, with your own fingers.

Who's the president on the $100 bill? I don't know. I don't need to know because I don't use cash. I only use travelers checks.

Square is turning informal, cash transactions, like you would do with a taco truck, into card swipes. Stripe is more for the Internet, it's focused on the kinds of transactions that weren't possible years ago. We think about how you would buy things from a mobile phone, crowd-funding, how should that work.

Apple already had everyone's billing information from iTunes... you could buy things just by typing in your password... That, for the first time, brought very, very easy payment to the modern software world. That, more than anything, is why there is a business for paid apps.

A number of people in the United States, almost everyone, is using plastic cards to pay for things, but it's extremely difficult to accept these cards. So let's make it's easy and take more and more of the friction out as we can.

Mobile phones could not work in Africa without prepaid because it's a cash society.

Bitcoin woke us all up to a new way to pay, and culturally, I think a much larger percentage of us have become accustomed to the idea that money no longer comes with the friction it once had.

Many use Rs 500 and Rs 1,000 notes for daily transactions like going to theatres, malls, and trading purpose. People like these are unnecessarily put to inconvenience.

Digital is the only way to get rid of corruption and unaccounted cash.

I never have cash on me.

Humans don't 'need' math-based cryptocurrencies when dealing with other humans. We walk slowly, talk slowly, and buy big things. Credit cards, cash, wires, checks - the world seems fine.

The whole thing of moving the currency through currency sorting and detection machines and so on that was the whole process actually encouraging electronic transactions.

Even if it does not become cashless economy, it will become a less cash economy, and I think that itself is going to be a good and big achievement, and I think we are, as a country, gone through many of large changes, and ICICI has been a leader in many of them.

Every form of payment has some risk associated with it.