Australians Prefer Digital Payments Over Cash | Finance News Network

In a world where cash is becoming increasingly obsolete, Australians are leading the charge towards a cashless society. With the rise in contactless transactions and the decline of cheque usage, it seems that physical money is on its way out. However, despite this trend, there is still around $100 billion in cash circulating throughout the country, hidden in various places like under beds, in jam tins, and even overseas.

While Australians may be moving away from cash, it seems that the criminal underworld in Los Angeles is still very much interested in cold hard cash. Recently, there was a massive heist in La La Land where a gang made off with a staggering US$30 million from a cash repository on Easter Sunday. The thieves managed to break in through the roof and crack the vault without setting off any alarms, leaving authorities baffled.

This heist is being dubbed as one of the largest burglaries in the city’s history when it comes to cash, surpassing any armoured car stick-up. The staff at the depository didn’t even realize anything was wrong until they opened the vault the following day, highlighting the audacity and precision of the thieves.

In a separate incident, thieves managed to steal a whopping US$100 million in jewels and valuables from a Brinks armoured truck while the guards were distracted. The robbers struck in the early hours of the morning, catching the guards off guard and making a clean getaway.

These brazen heists serve as a stark reminder that while cash may be losing its appeal in some parts of the world, it still holds a significant value for those willing to take the risk to get their hands on it.