There are new predictions that Australia will be cash-free within 5 years, which has divided many Australian’s opinions.

Economics Professor at the University of NSW Richard Holden joined 3AW Mornings and thinks the nation will be “functionally” cash-free in the near future.

He believes people have “legitimate concerns” with the move to a cash-free society, but there are many people wanting cash to remain due to wanting “anonymity.”

Click PLAY to listen to the full chat with Richard Holden on 3AW 

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