[Tree] Transition to a cashless economy in America
Version 0.14 (2024-10-14 10:44:21.830000)
updates: Incorporated recent statistics and global CBDC developments
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Version 0.13 (2024-10-13 10:35:55.965000)
updates: Increased cashless transactions and CBDC exploration
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Version 0.12 (2024-10-08 09:35:32.623000)
updates: Increased cashless transactions and CBDC exploration
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Version 0.11 (2024-05-24 00:56:34.073000)
updates: New information on the amount of money left at airport security checkpoints
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Version 0.11 (2024-05-24 00:56:34.073000)
updates: New information on the amount of money left at airport security checkpoints
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Version 0.1 (2024-03-13 11:27:09.474000)
updates: The U.S. Mint's spending on pennies and nickels in 2023; Cash remains important for lower-income individuals; The Mint continues to produce pennies despite calls to eliminate them
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Version 0.09 (2024-03-12 18:22:04.179000)
updates: Counterfeiting of U.S. currency has experienced a resurgence despite the rise of digital currencies. Cryptocurrency-related crimes grew over 53% in 2023, reaching $3.94 billion in losses. Counterfeit U.S. currency poses a global threat due to advances in technology and the adoption of the U.S. dollar as legal tender by other nations. Genuine U.S. currency is the preferred payment method in many parts of the world. An estimated $70 million to $200 million in counterfeit bills are in circulation at any given time. Cash is still widely used and counterfeited despite the increase in electronic transactions.
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Version 0.08 (2024-03-12 17:30:29.220000)
updates: The article discusses the resurgence of counterfeiting in the United States
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Version 0.07 (2024-03-03 15:21:02.132000)
updates: The article provides an overview of the debate surrounding the use of paper currency in the US amid a global shift towards polymer notes and digital payments. It highlights the Federal Reserve's decision to allocate $931.4 million for printing new bills in 2023 and the arguments for transitioning to dollar coins and polymer notes. The article also emphasizes the enduring presence of cash in American society and the need for the US to adapt its monetary practices to the 21st century.
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Version 0.06 (2024-03-03 11:21:38.800000)
updates: Discussion on the outdated nature of American currency and the debate over a shift to dollar coins and polymer notes
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Version 0.05 (2024-02-26 01:16:46.132000)
updates: The decline of cash payments and the increase in currency circulation
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Version 0.04 (2024-02-18 03:16:58.113000)
updates: The Federal Reserve's decision to allocate $931.4 million for bill printing in 2023 raises questions about the balance between tradition and innovation in currency. The article highlights the demand for physical currency despite the dominance of electronic payments and the global implications of the US dollar's dominance in currency markets. It also discusses the complex considerations in deciding which bills to print and circulate, reflecting a broader debate about innovation, tradition, and fiscal responsibility in the digital age.
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Version 0.03 (2024-01-14 01:16:01.428000)
updates: The Federal Reserve allocates $931.4 million for modernizing American currency
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Version 0.02 (2023-12-24 02:01:15.536000)
updates: The U.S. Federal Reserve plans to spend $931 million on currency amid a debate on modernization
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Version 0.01 (2023-12-02 04:46:44.588000)
updates: Added information about the increased demand for physical cash in the United States
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