Cash Reigns Supreme in Illicit Trade: Drug Dealers Prioritize Cash Payments

Drug dealers are increasingly using cryptocurrency and hawala systems to move funds, but cash remains the preferred method of payment for illicit activities.

A report notes that these underground networks have been using digital currencies such as Bitcoin to launder money and facilitate transactions. However, it also highlights the limitations of relying solely on digital methods.

According to experts, cryptocurrency and hawala systems are attractive options for those involved in illicit activities due to their perceived anonymity and ease of use. But cash remains the preferred method of payment, particularly for larger sums or more complex transactions.