Around the same time, Square, a competing transaction company, introduced its own solution called “Cash App,' followed by a version tailored for business use, known as 'Cash for Business.' In 2013, PayPal made a significant move by acquiring Venmo, a mobile payment service, as part of its vision for the future of payments. Whether it's tapping our smartphones for contactless payments or swiping a credit card for purchases, cash is becoming less common. The trend of carrying cash is dwindling as more people embrace digital payment methods.
