The use of cash is decreasing in most countries, but it still remains the most popular form of payment in some. With the rise of digital technologies, it has become easier to make payments online and through mobile devices. In some countries, the use of cash is not only decreasing - it's disappearing.
In Sweden, for example, cash payments are declining at a rapid pace. The country has made a big push to go cashless, with many banks no longer taking or giving out money and retailers refusing to accept bills and coins as payment. There are many benefits to going cashless: one study found that people who use credit cards or debit cards spend more because they don't feel the pain of paying right away, and they're less likely to keep track of their spending habits if they don't have physical money in hand.
—
The use of cash has been decreasing over the years. It has been replaced with digital payments and credit cards. The decrease in cash usage is because of the benefits that come with it. Cashless transactions are cheaper, faster and more secure than cash transactions.
There is only around 8% of the world's currency in cash, while 92% is all digital. This means that most people don't carry around large amounts of money anymore, instead they use credit cards or other forms of digital payment to purchase things.
—
The popularity of digital currency is soaring. Digital payments are fast and secure, and don't require cash.
Digital payments are not only for the rich and wealt
No comments:
Post a Comment