More Than Half of American Consumers to Abandon Cash by 2020
More than half (54 percent) of US consumers expect to abandon using cash for shopping by 2020, according to Lost in Transaction, a new research report conducted by Paysafe
The report uncovered the rapid move towards a cash-free economy with half (54 percent) of American consumers only visiting an ATM once a month and one in seven saying they rarely carry cash at all. With the research showing two thirds (63 percent) of people rely less on cash than a year ago, the move away from physical currency looks set to continue.