America’s Role In The Future Of Digital Payments
There is an old saying that “cash is king.” However, it seems as though many various first-world countries are hoping to change that, suggesting that millions of individuals will adopt digital payments for their everyday needs in the near future.
China, in particular, has embraced the digital payment revolution more so than arguably any other country in the world. However, it should be noted that they are not alone in this aspiration. Japan has been advocating for a “cashless society,” but its aging population has been a significant obstacle in recent years.
There’s a tremendous amount of cash in the world. It’s not as if the world will wake up one day, and we all will suddenly change the way that we pay for goods and services. However, it’s hard to deny the fact that many countries are interested in alternatives to cash, which is one of the reasons for the meteoric rise in Bitcoin’s value over the past decade.
While America might not mimic China’s shift to digital payments, the truth is that their model might have a significant global influence. The question remains: when will America start catching up?
