Experts believe that cash and credit cards could be a thing of the past by 2020, a new study suggests.
A new study conducted by the Pew Research Center’s Internet & American Life Project and Elon University’s Imagining the Internet Center revealed that the majority of survey respondents believe swiping mobile phones could replace cash and credit cards both online and in stores by smartphone and tablet users within the next decade.
The study was conducted among a non-random sample of 1,021 technology stakeholders and critics in the mobile payments industry, from executives and Google and Microsoft to professors at distinguished universities nationwide.
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