If you live in Europe, from July 10, 2027, it will be illegal to pay more than 10,000 euros in cash. And with any purchase over 3,000 euros, you will need a passport before the payment is made.

This is a single EU law that will be adopted at once in all 27 EU countries. Local governments can only do one thing: tighten this limit, but not soften it in any way. And many have already done it:

1) France and Spain have limited business payments in cash to 1,000 euros.

2) Italy reduced the limit to 5,000 euros.

3) Greece has the strictest limit in the entire Eurozone: only 500 euros.

4) In Austria and Ireland today there are no cash limits at all. But they will be introduced from 2027.

The rules are arranged in such a way that these limits will only decrease over time, but will never increase. The official argumentation is the fight against crime.

Let me remind you that most of Europe uses CASH every day. In Germany, 63% of purchases are paid in cash, in Austria 54%, in Greece 75%.

And here is the coincidence: in the same year, when these restrictions come into force, the European Central Bank is launching annual testing of the digital euro.

In such a digital currency, there may be strict limits on how much you are allowed to keep on the account. Plus, as the experience of other countries shows, digital money can be programmed for any conditions: set an expiration date or limit the categories of goods on which it is allowed to be spent.

It seems that cash, the only form of money that leaves no traces and does not obey anyone, has a very short life left.