With everyday life becoming more and more digital it seems only reasonable that peoples’ financial lives are following suit. Credit cards, online banks, and ATMs are a few examples of how money has entered the digital age. Today apps like Venmo and PayPal, budgeting tools like Mint, online loan sites like Lending Tree, and web-based brokers like RobinHood and ETrade have further pushed finances into the digital world. Despite this cash is still used on a massive scale in the United States; the average American pays in cash for 40 percent of the transactions they make, though check and card transactions make up a bigger proportion of high dollar value transactions.
Read more at My Bank Tracker.