And when digital money is lost due to fraud or error it can be restored.
For example, in 30 years of banking I have lost $0.00 in digital money. Sure, there have been gas station skimmers, system outages, misplaced debit cards, but I haven't "lost" a single cent.
I have lost at least $20.00 in real physical money.
$0.00 < $20.00
Digitalization helps other things too, I've lost hundreds of dollars in misplaced transit cards. Back in the 90s when I was a broke punk some loser stole a transit card with ~$47 on it. That was (and is) a big deal. Others have been misplaced or damaged beyond hope.
Since digital transit cards became a thing I have lost $0.00 in transit funds.
And when digital money is lost due to fraud or error it can be restored.
For example, in 30 years of banking I have lost $0.00 in digital money. Sure, there have been gas station skimmers, system outages, misplaced debit cards, but I haven't "lost" a single cent.
I have lost at least $20.00 in real physical money.
$0.00 < $20.00
Digitalization helps other things too, I've lost hundreds of dollars in misplaced transit cards. Back in the 90s when I was a broke punk some loser stole a transit card with ~$47 on it. That was (and is) a big deal. Others have been misplaced or damaged beyond hope.
Since digital transit cards became a thing I have lost $0.00 in transit funds.