00000nam 2200000zi 4500 9.891464 CaOODSP 20221107172906 m o d f cr cn||||||||| 200914t20202020onca ob f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- x8y1 FB3-6/2020-8E-PDF Huynh, Kim P., 1974- author. 2019 Cash Alternative Survey results / by Kim P. Huynh, Gradon Nicholls and Mitchell W. Nicholson. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (ii, 10 pages) : colour illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2020-8 "Last updated: August 31, 2020." Includes bibliographical references (page 10). "The role of cash in Canadians' lives has evolved over the past decade. During this period, two diverging trends have emerged in Canada: the use of cash for transactions at the point of sale has declined, but overall demand for cash has increased. The 2019 Cash Alternative Survey was designed to study these trends and update the Bank of Canada's understanding of Canadians' use of cash. We asked Canadians about their cash holdings, planned future use of cash and views on how they would be affected if cash were to disappear. In addition to declining cash use, the emergence of privately issued digital currencies has motivated many central banks to conduct research into central bank digital currencies (CBDCs). We contribute to the Bank of Canada's research on CBDC by monitoring Canadians' use of cash and their adoption of digital payment methods. We find that Canadians' cash holdings are stable and the adoption of cryptocurrencies remains limited and concentrated in a few sub-demographics. Moreover, we find that few Canadians plan to stop using cash entirely and that a considerable share of them would find the disappearance of cash problematic"--Abstract, page ii. Paper money Canada. Digital currency Canada. Cash transactions Canada. Demand for money Canada. Papier-monnaie Canada. Monnaie électronique Canada. Opérations au comptant Canada. Monnaie Demande Canada. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) 2020-8. (CaOODSP)9.806273 PDF 502 KB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-6-2020-8-eng.pdf