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The phrase "as cash" is correct and usable in written English.
It can be used in contexts where you are comparing something to cash or indicating that something is equivalent to cash in value or usability.
Example: "The gift card can be used at any store in the mall, so you can think of it as cash."
Alternatives: "like cash" or "equivalent to cash".
Exact(59)
Congregants gave jewelry as well as cash.
In some areas food crops are sold as cash crops.
Addie watches from her deathbed as Cash builds her coffin.
Only a small part will go to Vivendi as cash.
Its regional branches function as cash dispensers for local chieftains.
(To wartime Americans he was known as Cash My-Check).
Governments also use mobile networks as cash cows.
Roughly half that amount went to nonprofit groups as cash.
Universities have long regarded their business schools as cash cows.
The U.S.O.C. accounts for the goods and services as cash.
Malcolm Turnbull characterised Dastyari's position change as "cash for comment".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com