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For Gen Z, bank accounts and cash are out, mobile wallets are in

Even as the US government is moving cautiously to regulate and adopt cryptocurrency, new surveys are showing that the use of traditional financial services, such as bank accounts and cash, is already waning — especially among youngr customers.

A survey released last week by global payment platform provider Thunes shed light on the shopping, social media, and money-handling habits of so-called “Zoomers” — the Genz generation born in the mid- to late-1990s.

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Source:: Computerworld