Large cash payments may be needed in places and during times where non-cash are difficult or impossible. I have family who live in countries where having bank transfers would be cumbersome and are riddled with corruption, so I bring them cash. I once did get 9,500$ in cash (below the 10K limit) and they were paying for repairs for their home and the workers could only accept cash. Having a digital platform would have made all this impossible.
Well that is generally not an issue it is more the receiving end they check. If you take it from your bank there is a non issue besides maybe at a border.
And most completely corrupt countries don’t care either way
Large cash payments may be needed in places and during times where non-cash are difficult or impossible. I have family who live in countries where having bank transfers would be cumbersome and are riddled with corruption, so I bring them cash. I once did get 9,500$ in cash (below the 10K limit) and they were paying for repairs for their home and the workers could only accept cash. Having a digital platform would have made all this impossible.
Well that is generally not an issue it is more the receiving end they check. If you take it from your bank there is a non issue besides maybe at a border.
And most completely corrupt countries don’t care either way