Dig
Digital Payments
Topic
N/A
Accuracy
Recent Predictions
Incorrect: 0
Pending: 18
Unrated: 0
Prediction
Author
Predicted at
Status
Video
The discontinuation of the penny and subsequent rounding will not impact users of digital payment methods such as credit cards, debit cards, Apple Pay, or Venmo.
"if you're someone who pays with things like credit cards or debit cards or even apps like Apple Pay ..."
Jun 20, 2025
Correct
The transition away from physical pennies will not impact transactions made with digital payment methods like credit cards, debit cards, or mobile payment apps.
"And keep in mind, if you're someone who pays with things like credit cards or debit cards or even ap..."
Jun 20, 2025
Correct
Digital payment methods such as cards, phones, and QR codes offer greater convenience than physical cash.
"cashless payments by card phone or QR code are simply more convenient"
Nov 11, 2023
Pending
Western Union made the first electronic payment in 1871.
"the first electronic payment was made by Western Union in 1871"
Nov 11, 2023
Pending
Credit and debit cards are currently the most prevalent methods for digital payments.
"the most popular form of digital payments are done via credit or debit card"
Nov 11, 2023
Pending
Bank of America issued the first credit card in 1958, predating the first debit card from the Bank of Delaware in 1966.
"the first credit card was issued by the Bank of America in 1958 but the first debit cards didn't com..."
Nov 11, 2023
Pending
Cashless payment options encompass a range from cryptocurrencies to Central Bank Digital Currencies (CBDCs).
"there are many different types of cashless payments ranging from cryptocurrencies to Central Bank di..."
Nov 11, 2023
Pending
Edward Bellamy, in his 1888 book, envisioned a cashless society that utilized credit cards, mentioning the term repeatedly.
"the cashless Society that Edward Bellamy envisioned back in 1888 replaced cash with credit cards and..."
Nov 11, 2023
Pending
Bellamy's envisioned credit cards functioned similarly to debit cards, with the government distributing a set amount of credit to citizens periodically.
"the catch is that the credit cards he envisioned worked more like debit cards with the government pe..."
Nov 11, 2023
Pending
With credit and debit cards, customers have the option to switch banks or card providers if their current provider restricts certain transactions, like purchasing cryptocurrency.
"take credit cards and debit cards for example if your bank or card provider decides to say prevent y..."
Nov 11, 2023
Pending
Visa and Mastercard's initial decision to track all gun purchases in the US, later reversed in March of the current year, serves as a prominent example of card provider control.
"the most infamous example of this on the card provider side meanwhile is Visa and mastercard's decis..."
Nov 11, 2023
Pending
The countries most likely to become fully cashless are in Scandinavia.
"this begs the question of which countries will be the first to go fully cashless well the answer see..."
Nov 11, 2023
Pending
The Swish phone payment system, introduced in 2012, facilitated the transition to cashless payments in Sweden.
"like the swish phone payment system in 2012"
Nov 11, 2023
Pending
By 2019, debit cards became available to children as young as six in Sweden.
"by 2019 children aged six and older could get a debit card"
Nov 11, 2023
Pending
The inherent convenience of cashless payment methods will lead to their voluntary adoption by the public.
"cashless payments are just too convenient they will be voluntarily adopted"
Nov 11, 2023
Pending
Two key strategies for navigating the cashless transition are to legally protect cash access and to utilize decentralized and private cashless payment systems.
"the answer is twofold enshrine access to cash in law and use utopian cashless Payment Systems instea..."
Nov 11, 2023
Pending
Advocating for and using 'utopian' cashless payment systems is presented as a way to avoid a dystopian cashless future.
"utopian cashless Payment Systems"
Nov 11, 2023
Pending
A cashless society can be utopian if it utilizes decentralized digital currencies, like certain cryptocurrencies, which are not subject to control by any single entity.
"it can be something closer to utopian if it's done using decentralized digital currencies that can't..."
Nov 11, 2023
Pending
A significant drawback of cryptocurrencies, referred to as an 'Achilles heel', is that all transactions are traceable.
"as I mentioned earlier though crypto has an Achilles heel and that's that all transactions are trace..."
Nov 11, 2023
Pending
Financial privacy is a necessary component for achieving financial freedom.
"for those unaware Financial privacy is required for Financial Freedom"
Nov 11, 2023
Pending