Step 1 : Introduction to the question "How much of the world's money is digital?"
...1. 8% 2. 55% 3. 63% 4. 92%
Step 2 : Answer to the question "How much of the world's money is digital?"
92% - Let’s get digital, digital. The world is gettin’ digital. According to estimates, only around 8% of global currency is physical cash. The other 92% is stored digitally in worldwide banks. Think about it: That number in your bank account isn't physical cash until you take it out via an ATM; otherwise, it remains digital currency. Although the first credit card (issued in 1950) and electronic direct deposits (started in 1975) are partially credited with the move to digital currency, the Internet has made the most impact, making digital exchanges and online purchases more convenient via credit cards and platforms like PayPal. Is the next step Cryptocurrency? Time will tell.:
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