Financial industry reports indicate that the U.S. economy is adapting well to open banking. They predict significant developments despite the lack of a unified regulatory framework. U.S. agencies like ...

The RBI and the government have been pushing for ‘cashless’ economy aggressively. The central bank’s assessment is that NPCI alone cannot manage the big shift. Adding up to a total of over ...

Economy ministry figures show that cashless payments accounted for 36 percent of all expenditures made in Japan last year. Credit card payments, at 93.8 trillion yen, accounted for the highest ...

Many developed nations have successfully transitioned to a predominantly cashless economy, making corruption more difficult and financial tracking more efficient. Sweden, for instance, is leading ...

Governments are very interested in the cashless society as well. Non-cash transactions are registered in banks, so a government can receive data on the economic habits of society. The data can be ...

However, before we start paying autowallahs and vegetable sellers in the neighbourhood through mobile app, let’s have a look at how the world’s first cashless economy in Sweden is doing.

Moreover, Bitcoin’s role in a cashless society extends beyond just financial transactions. It can also serve as a hedge against inflation and economic instability.