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Cash Payments in the United States Account for Only 18% of All Payments, and More Than 100 Countries Plan To Build Digital Currencies

Cash payments in the United States account for only 18% of all payments, and more than 100 countries plan to establish digital currencies. In 2020, many countries have launched central bank digital currency research projects, but the Federal Reserve has always denied plans to issue a digital dollar.

However, after the Biden administration signed the executive order, CBDC became a popular topic and caused opposition. The decline in the use of cash is one of the reasons driving countries to study digital currencies. Although a digital dollar still does not exist and the Federal Reserve has stated that it has no plans to issue a digital dollar currency, it has become a popular political issue.

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