Accordingly, the greatest danger from paper-minded technophobia is ignorance of the true power of digital technologies. To clarify, the danger is not grandma starving to death because she cannot get cash. The real danger is a grandma taking out unsecured high-interest loans through her phone. To put it differently, we might face something like the US mortgage meltdown of 2007-2008 on a global scale. A point often overlooked is that paper cash requires a modern banking system for distribution. Therefore, paper cash cannot reach most people in the developing world and many poor people in the emerging and developed nations.