Cash in our wallets is turning crypto and wallets in our pockets are going digital. There is a global shift in the payment industry that has already begun, leaving the modern consumer well-equipped for the future.
Digital payments truly started gaining traction during the pandemic, where everyone was essentially forced to adopt alternate methods to cash transactions. Now, even as we enter a post-pandemic era, these methods are not losing their popularity. Cryptocurrency is still a strong force in the technological space, and many industries and services are still capitalizing on the benefits. For example, casino gaming websites are using services such as Paypal to handle payouts to users across the world. Central bank digital currencies are also taking off and have already been adopted by or will soon be adopted by over 60 countries.
The predictions for the future of payments have never been brighter. Whether it is used for gaming, business proceedings, or personal use, the digitization of money is an unstoppable force of change in our society.
By 2025, 53% of e-commerce transactions will use digital wallets.
