# kaal:claim:3402701-006

**Claim.** 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.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- United States, 2018 estimates

**Source quote.**

> 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, page 8

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

**Verify.** sha256 of source PDF `72ed2581b4cac2bd18a5b2640be959487a3cbc34c86ab5e5664924bcdb53c8e0` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Calcaterra%20et%20al.%20-%202019%20-%20Stable%20Cryptocurrencies%20-%20First%20Order%20Principles.pdf

**Topics.** empirical-evidence

**Keywords.** cost-of-cash, payment-systems, empirical-data, financial-inclusion

**Related claims.**

- restated_by: https://wulfkaal.github.io/claims/3808867-039

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