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RE: The Real Reason Why Governments and Central Banks Want to BAN CASH (another tailwind for BTC)
According to Federal Reserve 2/3 of dollars cash are used outside USA.
Just three lenders now handle the bulk of the global “bank notes” business:
- Bank of America Corp. (USA)
- Bank of Ireland (UK, I think)
- United Overseas Bank (Asia)
Source (WSJ):
http://www.wsj.com/articles/cash-flies-commercial-and-other-secrets-of-moving-money-1470341383
Which makes a potential bank run in the U.S. that much more troubling and destructive.
And thank you for pointing that out. Very helpful data.