As we move deeper into the digital age, cash is slowly becoming obsolete. In 2022, 41% of Americans did not use cash in a given week, a number that is predicted to increase to 50% in the near future. Especially with the introduction of new technology such as cryptocurrency, the future of payments is sure to be digital.
Monetary transactions through applications like Paypal are also taking the world by storm. They are user friendly and are compatible with many external services as well, such as casino websites and other gaming payout mechanisms. Many banks are also teaming up with digital transaction services, making it easy to access funds from anywhere in the world at any time of the day.
According to experts, the future of payments is bright. The digitization of money has allowed for an increase in all payment revenue on nearly every continent, benefiting our global society in more ways than one. The days of paper and physical payments are already long behind us, shaping and changing our relationship with money for the better.