What to Look Out for Using Digital Payments Like Venmo and Zelle

More and more Americans have abandoned paper money and coins, but there are risks to using peer-to-peer digital payments.

Digital paying
(Image credit: Getty Images)

If you can’t remember the last time you paid cash for groceries or a cup of coffee, you’re not alone. More than 40% of Americans say they don’t use cash for any of their purchases in a typical week, up from 24% in 2015, according to Pew Research.

What’s more, many Americans have resigned themselves to a world without cash: Nearly 65% believe that it’s either likely or very likely that the U.S. will become a cashless society in their lifetimes, according to a Gallup poll conducted in 2022. 

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Sandra Block
Senior Editor, Kiplinger's Personal Finance

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.