In the US they are already monitoring your payments to the tune of 84% according to Grok. Not saying this is exactly the figure but I would bet its pretty accurate.
Credit cards are already monitoring, selling and making decisions on your purchases.
Bitcoin transaction are transparent on the blockchain.
-----------------
In the United States, the use of cash has been steadily declining, but it remains a significant payment method, particularly for smaller transactions. Here's an overview based on recent data:
Cash Transactions: Recent data suggests that cash accounted for approximately 16% of all transactions in 2024, a decrease from 20% in 2021. This indicates a trend towards less cash usage over time.
In-Store Purchases: Cash is still widely used for in-store purchases, with 67% of Americans using it for physical transactions, demonstrating its enduring appeal for smaller, everyday purchases. However, this is often for transactions under $10, where nearly half (49%) are made with cash.
Demographic Trends: There's a notable income disparity in cash usage. Lower-income Americans use cash more frequently, with 22% of those from households earning less than $40,000 annually using cash for all or most of their purchases. In contrast, 73% of upper-income Americans use cash for only a few or none of their purchases.
Emergency and Specific Situations: Cash continues to be seen as an essential tool for emergencies, lending, and saving, with a significant portion of Americans valuing its privacy and immediacy in these contexts.
Overall, while there's a clear shift towards digital and card payments, cash retains a substantial role in the U.S. payment ecosystem, particularly in certain demographics and for specific types of transactions.
https://x.com/i/grok/share/D0AfdGT2z5N7F2yoADmAPx6CH
Purp1eOne 🥩 / Purp1eOne
npub1mm…0kxn4
2024-12-23 16:09:14
in reply to nevent1q…ckg5
Author Public Key
npub1mms49j83r79y45rj7d0sggyc2690jgt0v7zjr6ugk4y40qju3wzqn0kxn4Published at
2024-12-23 16:09:14Event JSON
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"content": "In the US they are already monitoring your payments to the tune of 84% according to Grok. Not saying this is exactly the figure but I would bet its pretty accurate.\n\nCredit cards are already monitoring, selling and making decisions on your purchases.\n\nBitcoin transaction are transparent on the blockchain.\n\n-----------------\n\nIn the United States, the use of cash has been steadily declining, but it remains a significant payment method, particularly for smaller transactions. Here's an overview based on recent data:\n\nCash Transactions: Recent data suggests that cash accounted for approximately 16% of all transactions in 2024, a decrease from 20% in 2021. This indicates a trend towards less cash usage over time.\n\nIn-Store Purchases: Cash is still widely used for in-store purchases, with 67% of Americans using it for physical transactions, demonstrating its enduring appeal for smaller, everyday purchases. However, this is often for transactions under $10, where nearly half (49%) are made with cash.\n\n\nDemographic Trends: There's a notable income disparity in cash usage. Lower-income Americans use cash more frequently, with 22% of those from households earning less than $40,000 annually using cash for all or most of their purchases. In contrast, 73% of upper-income Americans use cash for only a few or none of their purchases.\n\nEmergency and Specific Situations: Cash continues to be seen as an essential tool for emergencies, lending, and saving, with a significant portion of Americans valuing its privacy and immediacy in these contexts.\n\n\nOverall, while there's a clear shift towards digital and card payments, cash retains a substantial role in the U.S. payment ecosystem, particularly in certain demographics and for specific types of transactions.\n\nhttps://x.com/i/grok/share/D0AfdGT2z5N7F2yoADmAPx6CH",
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