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Which type of payment has increased the most since 2000?


How many billions of credit card transactions occurred in 2018?



Predict how many billions of non-prepaid card transactions will occur in 2020.



In 2004, the number of credit card and debit card transactions were quite similar. By 2018, they had very different usage. What do you think caused the variance in growth?



Check transactions have decreased every year since 2000. Hypothesize what the graph for check transactions will look like by the year 2030.

Sagot :

Parampatel435idn

Answer:

Cryptocurrency

Explanation:

Cryptocurrency currency is increasing Exponentially.

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Anthougoidn

1. The type of payment system which has increased the most from year 2000 till date is the use of cryptocurrency.

  • Cryptocurrency uses digital entries on a database to describe transactions without relying on banks and other financial institutions.

2. In 2018 alone, the United States recorded 40.9 billion credit card transactions.

  • Credit cards are short-term loans issued by financial institutions to their customers, enabling them to make payments for goods and services.

3. The growth variance of credit card and debit card transactions from 2018 was caused by financial instability.  This forced financial institutions to end the extension of credits to customers.

4. By the year 2030, the number of people and institutions using checks to make payments will reduce to less than 10% from its 2000 figures.

  • The use of checks as a means of payment is in irreversible decline.  Checks have been increasingly replaced by plastic cards and online banking.

Thus, with the acceptance and legalization of cryptocurrencies, checks will soon go into extinction.

Read more about payment systems at https://brainly.com/question/20840060

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