Covid lockdowns so far have accomplished to cut the balance of cash transactions by 1/3! I'm curious how Canada/US compares?
"Cash accounted for just 20.5% of all in-store payments globally, down by nearly a third from 2019, according to a report from financial services company FIS. By 2024 FIS expects that to drop to 13%."
"The pandemic accelerated the decline of cash by over three years, exceeding in 2020 our previous projection for 2023," FIS analysts note in the report.
https://www.federalreserve.gov/econres/notes/feds-notes/preconditions-for-a-general-purpose-central-bank-digital-currency-20210224.htm?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosmarkets&stream=business