Despite the increasing use of digital payment methods, physical cash remains a very popular method among American consumers. A recent survey found that 93% respondents have no intentions to abandon the use of cash, demonstrating that the demand for physical cash has remained high in the United States. This trend can be attributed to economic uncertainty caused by the COVID-19 pandemic, which has led to an increase in consumer cash holdings. As of October 2022, the total value of the currency in circulation surpassed $2.23 trillion, marking an impressive 28 percent increase compared to February 2020. This data serves as a reminder of the mythical status of cash as a reliable form of payment, particularly during times of economic unrest.



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