The future of money (research report)

According to a new report from J. Walter Thompson called The Future of Money: New Payments, Currency, Banking, and beyond, China is increasingly driving innovation in money and payments. Chinese consumers are twice as likely to know about blockchain as US consumers, and twice as likely to have tried a number of other disruptive new payment systems, from microinvesting and microdonations to thumbprint, facial and voice recognition. The report surveyed 2,000 consumers in total; 1,000 in the United States and 1,000 in China. The report also shows that 63% of US millennial consumers hardly ever use cash, with 75% saying they want more diverse financial products that are more suited to their needs and lifestyles. US millennials are now twice as likely as baby boomers (aged 55+) to use alternative mobile payments and messaging payment apps.

Read more

Both comments and pings are currently closed.

Comments are closed.