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And there you have it—Europe's greatest financial minds have just reminded us that cash in your wallet is a small safety net in case... your bank accounts get frozen. 📉
The European Central Bank (ECB) officially advises: "Keep some cash handy, because your state-of-the-art banks may cut off access to your account for more than a few hours." The recommendation? Keep €70–100 per person for so-called "essential purchases."
Translated into human language: "Dear consumer, when card and BLIK payments fail, keep some paper money and metal coins in your pocket so you don't have to ask for bread on credit." 🍞💸
Why would banks cut off access to your money? The ECB's answer is as brilliant as it is obvious: payment systems depend on energy and the internet. * No electricity = no shopping.
This discovery is on par with landing on Mars: without a plug, your card is just a piece of plastic.
Some countries are working on ATMs that are resistant to interference—with their own power supply and satellite connectivity. It sounds like science fiction, but it's just a desperate attempt to save a crumbling system in the 21st century. Laughter in the room! 😂
When it comes to cash, it is worth remembering that not all solutions are as capricious as traditional banking.