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If your town is anything like mine, you may have seen “We Accept Cash!” signs pop up in your local stores. The push for cash acceptance in the UK touches upon a deep-seated desire to maintain control over individual funds in a way bank-linked cards contradict. But is this promise of control actually realistic for merchants or customers?Anil Oncu, CEO of Bitpace, argues that the cash is king movement overlooks the needs of the underbanked worldwide and that other financial alternatives are worth pursuing. Would you be interested in an opinion piece from him on this topic? Details below. Suggested Title: The Cash is King Crowd Might Find an Unlikely Ally in the Crypto CommunityThesis: Cash fans and crypto enthusiasts both want finances free from government influence. Merchants must step up to accept payments that move away from centralized card providers and prioritize changing demands. Summary: The desire for finances free from government influence is not new. It’s taken off among those who crave financial anonymity. It means something different, however, for the 2.1 billion people worldwide who don’t have access to traditional financial services. They also operate in a world where their finances aren’t government-surveilled - but not by choice. Enter crypto. One of the original intentions of digital currencies was to drive financial inclusion and encourage decentralized financial transactions for all. This is still relevant today, as cryptocurrencies are a stable alternative for those living in regions with volatile national currencies. These populations are feeling the same sentiments as the “cash is king” crowds – a desire to maintain financial independence without governmental influence or inflation. Crypto delivers on this in a way physical fiat currencies cannot. The responsibility lies with merchants to accept payments that encourage this independence. If the cash is king movement wants to gain meaningful traction, it should look beyond card payments and incorporate alternatives that serve broader populations. Anil is a qualified writer on this as someone who has grown up in the UK with roots in Türkiye. As the CEO of a leading fintech and crypto payments gateway, he can weave personal experiences with business insights to deliver a piece I think will pique your readers’ interest.
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