The world has rapidly changed in recent decades and so has the way that we exchange our money. We have now moved nearly entirely to forms of digital payment. In fact, experts say that cashless transactions should more than double by 2030.
Nearly half of Americans no longer use cash in a given week. Also, many services and industries are benefiting from new digital payment options. In 2023, over 3 million US adults used cryptocurrency for payments, as global crypto payments reached nearly 10 billion.
Globally, paypal has also become a growing method for payment, specifically supporting payout on different casino style games. The legality of these payments is increasing in different parts of the world, and is quickly becoming the preferred method of operation. Nearly 30% of people around the world gamble online on any given day, making digital payout options the clear choice moving forward.
The days of paper and physical payments are long behind us. People and industries across the globe are moving towards cashless transactions, focusing most on digital wallets, debit and credit cards, or even account-to-account transfers. Many outside factors have contributed to this shift, but one thing remains certain: As technology continues to advance, so will our daily lives as we know it.