Concha Jiminez
Director General for Cash and Branches, Banco de España
Thursday, May 22, 2025
Categories
Resilience
No Power, No Phone… No Panic, Cash is King!
On 28 April, Spain, Portugal, and parts of France experienced a widespread electrical outage that plunged about 55 million people into a pre-electric age. The blackout had significant impacts on digital payments and cash demand, highlighting the vulnerabilities of modern payment systems during infrastructure failures.
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