Could eliminating paper checks save the U.S. Government $750 million annually? The future of digital payments may be closer than we think.

šŸšØ U.S. Government Considers Ending Paper Checks to Cut Costs šŸšØ

The U.S. Government Efficiency Department (DOGE) has recently shared that the Treasury processed a massive 116 million paper checks in the 2024 fiscal year. However, this process has led to significant delays and losses, with $25 billion in tax refunds delayed or lost in 2023. šŸ•’

The government spends around $2.40 per check to maintain its lockbox network for IRS and passport checks. By eliminating paper checks, they could potentially save over $750 million annually. šŸ’ø

Could this mark the start of a shift to digital payments? šŸ¤–šŸ’³

#Grok #Dogecoinā€¬ā© #TrendingTopic #CostCutting #FIT21

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