The United States continues to break away from cash transactions. The popularity of online shopping and the increase in alternative payment methods has pushed many consumers to eliminate cash from their lives.
Would going cashless be good for America? What are the pros and cons of a cash-free society? Let's explore the future of cashless transactions in America and how likely that conversion would be.
The Upside to Going Cashless
Eliminating cash would speed up transaction times. No counting correct change or fumbling with wrinkled bills—everything would process digitally. Slow processing times were once a cause of concern for chip cards, but the majority of consumers now prefer EMV cards over magnetic strip cards.
Read more
Would going cashless be good for America? What are the pros and cons of a cash-free society? Let's explore the future of cashless transactions in America and how likely that conversion would be.
The Upside to Going Cashless
Eliminating cash would speed up transaction times. No counting correct change or fumbling with wrinkled bills—everything would process digitally. Slow processing times were once a cause of concern for chip cards, but the majority of consumers now prefer EMV cards over magnetic strip cards.
Read more
Lack of privacy, economic calamity: the threats of a digital dollar
