Cash usage unlikely to disappear – Atlanta Fed
Universal access, in-person shopping and preference among low-income groups support cash
The decline in cash usage in the US is unlikely to end up in a cashless society because its universal availability offers a ubiquitous means of payments for all income groups, research published by the Federal Reserve Bank of Atlanta says.
Card payments stand at 60% of consumer transactions, according to the survey of consumer payment choice (SCPC). However, in 2017, a third of payments were still made in cash, points out Claire Greene, a payments risk expert in the Retail Payments Risk Forum
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