On Tuesday this week there was an event called “Cash Out Day” run by the advocacy group Cash Welcome.

The initiative is aimed at keeping the pressure on the powers that be to keep cash as a part of the currency makeup. 

The first “Cash Out Day” was held last year with an estimated 1.6 million people withdrawing cash.

Cash Welcome Founder Jason Bryce told Luke Bradnam on 4BC Breakfast, "The problem is there's no reliable private alternative to cash."

"So the banks have got to stop restricting our access to cash."

"The banks and the RBA are sitting down right now trying to work out how to make the cash distribution system sustainable and banks have got to pay for that."

"That process is happening now."

"Cash out day last year put a whole lot of pressure on the banks when there was a big spike in the number of withdrawals and it was obviously because people wanted to send a message that nobody wants Australia to go 100% completely cashless," Mr Bryce said.

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