The share of cash in 2016 accounted for 12.6 percent of GDP and the forecast includes the share being 11.2 percent by 2021; while new forms of payments are being adopted and card payments still used widely, cash will still play an important role; a few of the main reasons for continued cash usage is people prefer to use cash for small transactions, 27 percent of U.S. consumers are unbanked and fraud has become more widespread which can cause people to use cash more. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.