Cash Still Integral Due to Vulnerabilities With Cashless Systems: Senator

‘Cash doesn’t crash. Cash is absolutely king. Cash doesn’t need an update. Cash works when the system doesn’t,’ said Senator Bridget McKenzie.

People shop for fresh produce at the Queen Victoria Market in Melbourne, Australia, on July 4, 2023. William West/AFP via Getty Images

Nationals Senator Bridget McKenzie has voiced her strong support for cash amid the dramatic decline of the once-mainstream payment method.

At a recent Senate sitting, McKenzie highlighted the popularity of cashless payments in the Australian economy, saying it has shifted from mere convenience to something more far-reaching.