Are Europeans willing to go cashless if given the option?

Are Europeans willing to go cashless if given the option?

A recent survey by ING showed that one in three Europeans prefer to go cashless if given the option, raising expectations of seeing more digital future in Europe.

The survey, which tracked 15,000 people, showed that twenty-one percent of people rarely carried cash in their wallets over at least year, where the majority predicted they would not need to do so in the coming 12 months.

“While half of those surveyed were confident they could manage without cash for at least a week, and 29 percent said they could do without indefinitely, about three quarters of Europeans say they’ll never completely give up on hard currency,” according to Bloomberg.

In the U.K., respondents were the least in terms of going without cash.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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