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.
Canada has been named as the most likely candidate to become the first cashless country in the world.
A study from money.co.uk 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.