migration to cashless commerce
I've been hearing about migration to cashless commerce for quite a while now ... well before I was able to have a bank card and the notion was circulated by those around me who worked in finance.Well, at long last it seems that the trends are finally leaning in that direction after what must be well over 20 years now.
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According to a study conducted by a company called Ipsos for the ING bank website eZonomics in 13 European countries, the United States, and Australia — where cash is said to be used most there is a wish to stop using it in preference of electronic fundage with payment cards and the various epays and wallet apps which have proliferated during recent history.
It seem that 38 percent of United States responding as well as 34 percent of those in Europe indicate a willingness to go cash free. In addition, 34 percent of those responding in the United States and 21 percent in Europe claim to "rarely" use cash presently.
The overwhelming trend indication was better than half of the Europeans claim to have used less cash in the past year than previously and 78 percent expected to see cash use diminish even further over the coming year.
Indications also were for economies which are presently using much cash presently were more likely to want to go cashless.
I keep wondering how the panhandlers will get by in a cashless society ...