Canada Could Be The First Country In The World To Go Completely Cashless

A recent study also found that Canadian cash was riddled with bacteria.

Trending Senior Staff Writer

Canada has been named as the most likely candidate to become the first cashless country in the world.

A study from ranked countries based on contactless payment limits, the number of major e-wallet operators, the number of ATMs per 100,000 adults and the percentage of the population with a debit and/or credit card.

With a score of 79.1 out of 100, Canada was named the world's most cashless economy right now.

According to the data, 83% of the population has a credit card — a higher usage than in any other country — and Canada has the highest limit for contactless payment in the world at $250. Due to these factors, the study says Canada is most likely to become the first country to ditch banknotes in favour of e-wallets.

A recent study also found that Canada has the filthiest cash in the world after swab tests were done of 20 of the most common currencies.

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