készpénzalapú

Készpénzalapú, a Hungarian term, translates directly to "cash-based" in English. It refers to an economic system or transaction where payments are primarily made using physical currency, such as banknotes and coins. This contrasts with systems that rely heavily on electronic transfers, credit cards, debit cards, or other forms of non-cash payment. In a cash-based economy, most purchases, wages, and financial exchanges occur with tangible money. The prevalence of cash-based transactions can vary significantly by country and region, influenced by factors such as technological infrastructure, banking access, cultural preferences, and regulatory environments. While cash offers advantages like anonymity and accessibility for those without bank accounts, it can also present challenges related to security, tracking, and the potential for illicit activities. Governments and financial institutions often aim to promote or discourage cash usage through various policies, impacting the overall financial landscape.