No Cash Day is a public call to stop using cash over a 24-hour period to offer the opportunity to reflect on the issue of financial inclusion and cultural change offered by digital money as an opportunity to overcome the boundaries between people, countries and languages; as constant technological revolution; as redefinition of relationships between citizens and institutions.
No Cash Day grows with a call addressed to everyone; citizens, media, companies, associations, and institutions with a very simple request: on June 27th, 2017 don’t forget: Forget cash! 24 hours to figure out much further there is yet to go in this sense and how useful it could be in creating a more balanced relationship between cash and ePayment.
Anyone can participate in the initiative! The invitation is aimed at stimulating inclusion. Participate in No Cash Day with a viral idea that can establish contact with other people: from a simple tweet (#nocashday6) to an idea for an event, a conference, a flash-mob, a press release, an article, a meeting with your employees, etc. There is no limit to the imagination!
In 2011, in Europe there were more than 13,6B banknotes worth EUR 815B. Each year , they are replaced between 6 and 10M million. The coins were 92B units worth a total of almost EUR 22B.
Presented a survey on Complementary Currency in Italy. The 57% of Italians knew it, especially among frequent users of payment cards. The 62% of respondents were willing to use it and the 47% of Italians who did not know it, however, was willing to use it.
Only 25% of low-income Countries used ePayments for social benefits or pension. Electronic payments can allow governments to save 75% of costs. A 2010 McKinsey study estimated that the Government of India could save the 1.6% GDP if all payments were made with electronic instruments.
The first public hearing about Bitcoin organized at the Chamber of Deputies. For the first time in Italy, big banks talk about Bitcoin. Switch on of the first Bitcoin ATM in Italy.
Presence of Mayors of major Italian cities. Best practices. Investigation on the relationship between citizens and electronic money. More than 65% of Italians think that the greatest obstacle to the ePayment development is lack of information.
The 1st European edition: Geronimo Emili (CashlessWay) invited the UK payments expert Dave Birch to deliver the Manifesto for Cashlessness in Europe to advise European politicians to take cashless seriously and put forward concrete and reasonable plans to achieve effective cashlessness. They presented the document at Money2020 Europe.
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