8 days ago • Posted by Martin Boujol
The bullish case for digital wallets -> UK ATM usage plummets with COVID
Monthly transactions were down as much as 50% in 2020 - meanwhile online shopping went through the roof
The question is "how long will the desire for good old fashioned bank notes (and coins) last?" Although the pandemic must have been an important influence on this downtrend, we must notice that there has already been a 12.9% drop between 2018 and 2019.
Source: LINK, Statista, Zerohedge