Contactless cards have been around since 2010, with most if not all card providers offering the option for contactless pay. In the last decade this technology has exploded in popularity as more people have embraced it as the standard way to make payments when on the go.
Cash isn't going away anytime soon but as we see more young people enter the working world more and more payments will be done digitally. The tech savvy generation of the 2000s already rely on contactless more than ever.
A study conducted by samsung pay surveying 15000 Brits found;
Another study surveyed 500 teens on their attitude towards technology within the foods and drinks industry;
Data provided by UKhospitality
Bitcoin is the first crypto-currency to reach the mainstream and crypto enthusiasts seem to think it will one day become the standard. Even with all of the hype Bitcoin has gained over the last couple of years it still lacks real world use, especially within the hospitality sector.
With only a handful of bitcoin friendly pubs and restaurants scattered around the nation it has an incredibly small presence.
However as with all newly emerging technology it has to have time to mature and be adopted by the public for it to take hold. We have now reached a point where we can have these conversations around the viability of this new way of looking at currency.
That being said the industry remains split.
