Louisville bank president on electronic currencies and the future of money

As a banker, I often receive questions about “electronic money,” and will the U.S. eliminate cash and currency? The reality is that electronic money has been part of the financial system for decades. For example, many payroll and government checks are directly deposited to individual bank accounts. People use debit cards to access personal bank accounts. Individuals have credit cards and electronically exchange funds with businesses. Other forms of payment like PayPal and Apple Pay a