In today's economy, physical cash is becoming increasingly rare. According to financial reports, more than 90% of the world's currency exists only in digital form, meaning it is stored electronically in banks, payment platforms, and financial institutions rather than as physical coins and banknotes.
This shift towards digital currency is driven by the rise of online banking, mobile payments, and cryptocurrencies.
Governments and financial institutions worldwide are moving toward cashless transactions, with countries like Sweden and China leading the charge in digital payments.
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