Cryptocurrency Q&A
Are cheques becoming obsolete?
Are cheques becoming obsolete?
TeaCeremony
Tue Jan 21 2025
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6
answers
1342
I've been wondering if cheques are becoming less relevant nowadays. With the rise of digital payments and online banking, it seems like fewer people are using cheques. Is the use of cheques declining and are they becoming obsolete?
6 answers
AndrewMiller
Thu Jan 23 2025
In the last 10 years, there has been a drop of almost 90 per cent in cheque usage.
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Arianna
Thu Jan 23 2025
The decline in the use of cheques has been significant in the past decade.
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CryptoPioneer
Wed Jan 22 2025
This shift has occurred as individuals and businesses have adopted more modern payment methods.
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CryptoWanderer
Wed Jan 22 2025
These new methods are considered more convenient and faster than traditional cheques.
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henry_taylor_architect
Wed Jan 22 2025
With fewer cheques being used, the cost of processing each one has risen.
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