the becoming less and less Germans pay for it in the retail sector with cash. A recent study by the Cologne-based retail research Institute EHI, the turnover share of cash payments in the year 2018 with 48.3 per cent for the first time under the cashless turnover (48.6 per cent). The payment by SEPA-direct debit procedure drops, especially in the favor of the customer.
By Christopher clover
8. May 2019BTC$5.893,00 0.34% part Facebook Twitter LinkedIn xing mail
430 billion euros – as much of the German retail trade has implemented in the year 2018. 48.3 per cent goes back to cash transactions. A considerable amount – but not the lion’s share. For the first time in Germany with cashless payment methods has been higher than revenue and coins. The findings of a recent study by the Cologne-based retail research Institute EHI.
Thus, the popularity of the SEPA direct debit scheme on a descending Branch is mainly. Here, the proportion of revenue decreased by 2.6 percent to ten percent.
source: EHI-study-Map-assisted payment systems in the retail 2019
But also in Germany – lost not only in comparison to Scandinavia – popular cash 1.7 percentage points of its share of sales. From this development, especially the Girocard benefited according to the study. The reasons for this, one of the best looks on the merchant page. In a press release on the study States:
After the Fees cap has led to a terms of alignment with the SEPA direct debit procedure, the Girocard PIN method for traders to become more attractive. Several large food distributors have weighted the Girocard shares significantly higher, or even completely SEPA direct debit Girocard PIN method changed.
In consequence of the Girocard recorded a 3.8 percent growth in its share of the retail sales – the largest increase among all payment methods. Even credit cards could grow with an increase of 0.4 per cent was only moderate.
air upwards for Bitcoin & co.
Bitcoin & co. no mention in the study – at least not directly. In terms of crypto-adaptation, there is a backlog properly, is no secret. After all, there is reason to hope that this might change in the medium term. As a result, around 45 percent of the respondents plan according to EHI large companies, a “refresh [your] Payment IT landscape”. At least, this wording leaves room for speculation of a crypto-Integration, next Time, if a large company overhauled its payment systems in General.
the departure from The slow SEPA procedures should apply to retailers as a Wink with the fence post. Thus, Bitcoin can keep up with the speed of the centralized payment providers, has yet to be solved the scaling issue. After all, there is the rapidly growing Bitcoin Lightning Network here a promising approach. At least those so, the answer for an Off-Chain-scaling of the Bitcoin Protocol. In contrast, the group of the “Big-Blocker”, so those who want to achieve by increasing the block size to a higher Transaction throughput in the network. The different positions in relation to the Bitcoin-scaling at the time of the Hard Fork of the Bitcoin Blockchain, the Bitcoin Cash.
others do not consider it the task of Bitcoins to be used for Paying small amounts used. You understand Bitcoin mainly as a store of Value, as a kind of digital Gold.
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