Why is Britain going cashless?
Why is Britain going cashless? The latest cashless payments report from software recommendation engine Capterra shows that more than 50% of UK consumers are paying with digital wallets. The main advantages cited are convenience, with digital payments allowing people to leave the house without their bulky wallet.
Is America going cashless?
Two-fifths of Americans used no cash in 2022 (Source: Pew Research) 11% of US adults have completely stopped using cash, up from 5% five years ago (Source: Gallup) The average number of cash payments fell from 26% in 2019 to 20% in 2021 (Source: Federal Reserve)
Why are people angry about cashless?
Cashless businesses face consumer boycotts as people claim it denies freedoms. Businesses that ask for cashless payments are facing backlash and boycotts from a section of the community that believes refusing to take cash is an infringement of their personal rights.