kaal:claim:3402701-006

Transacting in cash imposes large measurable costs: roughly 200 billion dollars annually in the United States, about 637 dollars per person, driven by counting, managing, storing, transporting, guarding and accounting for bank notes.

Source quote, verbatim

In the United States, transacting in cash costs the consumer around 200 billion dollars annually - about $637 per person

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019), 2 BACKGROUND, p. 8
https://ssrn.com/abstract=3402701 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies - First Order Principles (2019). SSRN: https://ssrn.com/abstract=3402701

Holds when

United States, 2018 estimates

Classification

empiricalsupport: evidencedempirical-evidence

Related claims

restated_by kaal:claim:3808867-039 Transacting in cash costs United States consumers roughly 200 billion dollars annually, about 637 dollars per ...

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