Study: Cash-free society could be here sooner than you think
A cash-free economy could be here sooner than expected — and American consumers are leading the charge.
Slightly more than half (54%) of consumers in the United States expect to stop using cash for shopping by 2020, according to “Lost in Transaction,” a report from payments provider Paysafe. The study, conducted among 3,038 consumers in the United States, United Kingdom and Canada, examines how cash is merging with digital formats.