In the year 2004, a quiet revolution took place in the United States. That was the year that the total amount of credit card transactions surpassed the number of cash transactions for the first time in history – and it happened in our country. But in 2016 the rest of the world caught up – and now cash is used less often than credit globally. The WSJ wonders if reducing the amount of actual cash in a geographical area will significantly reduce the amount of theft and serious crime?
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