Bank of Spain warns of consequences of cashless society, PM proposes Mallorca as EU firefighting hub and more news on Thursday July 30th. Bank of Spain warns of consequences of cashless societyDigital card and mobile payments are gaining ground every year in Spain, but Spain's main banking institution has warned that a future without banknotes or coins would be dangerous for the economy. "From both a technical and social perspective, a cashless future is a high-risk scenario," officials from the Bank of Spain warn in a post published on the institution's blog. Banknotes and coins remain the preferred payment method for 57 percent of consumers in Spain, according to the latest study on Cash Usage Habits published by El Banco de España. You can purchase the collection from Friday July 31st, at the Royal Mint Museum Shop or through the FNMT-RCM Online Store.