- This is the last series of my posting on my recent visit to Filoli Historic House and Gardens. Last March 27 (Thursday), Dodie and Ruth treated me for a memorable tour of the Filoli Gardens in Woodside, CA.💚 After our tour and lunch, our last stop was the Gift Shoppe. I purchased 3 souvenir items ( see photo above). I took cash from my wallet, but I was shock when the Cashier told they do not accept cash. Luckily, I brought my Charge Card and I got my souvenir home. I asked Dodie and he said in some parts of Europe, cash purchase are also not allowed.
- Will the world turn to a Cashless Society in the very near future ?
- I was shocked by this experience, because the last time I went shopping in an actual store was about a six months ago, I paid cash. Currently, All my shopping needs are on-line via Amazon, DoorDash and Instacart;
I did some search on the current status of a cashless society and here's what I learned.
- 1. Two-fifths of Americans used no cash in 2022 (Source: Pew Research)
- 2.13.4% of American consumers have stopped using cash completely in 2024, compared to 11% in 2022(Source: Capital One Shopping)
- 3.The average number of cash payments fell from 26% in 2019 to 20% in 2021 (Source: Federal Reserve)
- 4.Between 2012 and 2022, cheque transactions declined by almost half (Source: Federal Reserve)
- 5.The annual growth rate of digital payment is estimated at 9.25%, which could result in digital payments reaching $16.69tn by 2028. (Source: Statista)
- 6. 70% of Americans believe that the US is becoming a cashless society (Source: Card Rates)
- 7. More than 23 million people in the UK used virtually no cash in 2021 (Source: The Guardian)
- 8.Cash only represents 1.3% of Sweden’s GDP (Source: International Monetary Fund)
- 9.The number of cashless payments in the Asia-Pacific is forecasted to be higher than Europe and North America combined in 2026 (Source: Statista)
Recent technological developments like the growing sophistication of digital wallets, and the rise of blockchain-based systems like Bitcoin and central bank digital currencies (CBDCs) are accelerating the move away from physical tender too. Specifically, the influence of Bitcoin can’t be understated, with the currency currently booming due to President-elect Donald Trump’s recent endorsement of cryptocurrency.
But despite this global shift away from tangible currency, the US isn’t likely to transition officially any time soon. Despite popular belief, the government has no plan to make paper money worthless and the majority of Americans aren’t ready to make cash a thing of the past either — with 56% of Gallup respondents revealing they like to have cash with them at all times when they leave the house. Personally, I like paying cash, but will not mind a part of a Cashless Society in the future if I am still on Planet Earth,
For Details visit:
- A cashless society is coming: Due to the influence of Covid-19, and the growing popularity of digital payment methods like digital wallets, digital payment apps, and cryptocurrency, the US is well on its way to becoming a cashless society.
- The US won’t be the first cashless society: The US isn’t as quick to adopt digital payment methods as the Asia-Pacific, with countries like South Korea and China currently leading the pack when it comes to cashless living.
- Going cashless pays for businesses: There are tons of incentives for businesses to go cashless. For example, ditching physical tender can reduce fraud and theft, increase convenience for buyers and vendors, and boost consumer spending as a result.
- Ditching cash isn’t without its risks: Going fully digital can make businesses more vulnerable to cybercrime, while also excluding members of the unbanked population from accessing your goods or services.
- Investing in the right tech matters: If you’re considering taking the plunge, we recommend investing in a POS system that’s able to accept a wide range of digital payment methods, before carefully selecting which options will best serve your customer base – be it chip-and-pin, contactless, or even cryptocurrency.
- Meanwhile Did you Know that.....
This contrasts with Western cultures, where tanning is desirable and sun exposure is often sought after. The Filipino preference for lighter skin is deeply rooted in history and beauty standards influenced by colonial rule and media portrayals.
Lastly, Did you know that.....
Men adorned themselves with "tugbuk" (penis pins), which were inserted near the head of the organ, while women underwent a gradual process of vaginal opening starting at age six. This practice, though painful, was widely accepted and not limited by social class, unlike in Borneo and Thailand, where it symbolized high status.
Personal Notes: Ordered Pinoy Food from DoorDash, yesterday afternoon. Delivery Guy went to the Back Exit Door in Sharp Ave. Took me 15 minutes to instruct him to deliver it in the Front Gate in Shuey. He was texting me in Spanish. But finally after several texts telling him to go to the Front Gate and Call in, he stopped texting me HE CAN NOT Get IN! Here's what I ordered, Lumpia Shanghai, Empanadas, buko juice, dinuguan and steamed rice. Yummy!
For the Non-foodie enthusiast, the blood pork stew may not interest you, but to most Filipinos, this dish is very popular and several variations of this dish is served during special occasions in the Philippines as well as here in the US and other parts of the World, where there are Filipinos. For those of you who have an adventurous palate, I urge you to try it. How does it taste? A little bit sour/spicy and just yummy to me!
