Eighty percent of Americans carry less than $50 in cash and are getting very comfortable with paying without cash. Nearly one in ten Americans don’t carry paper money with them at all.
Slowly but surely, America is moving toward a cashless society. Businesses are also developing easier ways to pay for things electronically, such as secure payment systems for cell phones.
“If we move to a truly cashless society, it won’t be much of an adjustment for most Americans,” Greg McBride, Bankrate’s Chief Financial Analyst, said.
A cashless society would make it very easy for governments to enforce the no-buy, no-sell laws predicted in Revelation 13:17.