Moody’s, the famous investor resource, came out with unsurprising news this week. No secrety, but they have noted that the future of money is in the digital realm. They point to the fact that 80% of transactions in 2021 were made without cash. China has a similar situation where 90% of in-story payments were digital. Now, that doesn’t mean that crypto is a place to go, as it’s a volatile area, as most people know now. Where cash used to be a great resource, just earlier this week, I sent money to someone I never met in person, via Venmo, and realized that it was becoming second nature to do it.
People are increasingly leaning on cashless transactions in their day-to-day lives.