future of cash report


  • What will be the future of money?

    Money's destiny is to become digital. Throughout the ages physical money in the form of objects, coins and notes has increasingly been replaced by more abstract means of payment such as bills of exchange, cheques and credit cards. In the years to come that trend to virtual money will continue apace.
  • What is the Fed now system?

    The FedNow Service is a new instant payment infrastructure developed by the Federal Reserve that allows financial institutions of every size across the U.S. to provide safe and efficient instant payment services.
  • What is the trend in the use of cash?

    Cash was used for 59% of point-of-sale transactions in 2022, down from 72% in 2019. It is the means of payment most often used for small-value payments in stores and for person-to-person transactions. A majority (60%) also consider it important to have cash as a payment option.
  • The future of global money transfer looks set to be shaped by two major trends: the rise of digital currencies and the increasing use of blockchain technology. Digital currencies like Bitcoin are becoming increasingly popular, thanks to their speed and security.
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