Tech
Will Digital Payments Replace Cash In The U.S?
Is cash still king? The coronavirus pandemic may cause a drastic decline in cash usage due to the risk of contamination. The unprecedented surge in the demand for contactless payment has also shown outstanding performances for major companies offering cashless payment methods, like Apple, Square and Paypal. Could covid-19 signal the end of cash in the United States and can the U.S. really function without physical currency?
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Will Digital Payments Replace Cash In The U.S?
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Unstoppable demand for AI is leading to a capacity crunch on factory lines at the world’s leading chip manufacturer, Taiwan Semiconductor. And it could put a chokehold on AI’s ability to scale. Analysts tell CNBC that Nvidia, Apple, Broadcom, AMD and others are locked in an “extremely fierce” competition to get their GPUs, CPUs and custom AI chips made at TSMC. Capacity can’t come online fast enough, despite TSMC’s rush to build new fabs in Taiwan, Japan and Arizona, where has expanded investment to $265 billion. The strain has made one man at TSMC “the most popular person on the planet,” as chip start-ups and big name CEOs visit Taiwan to ask him for wafer allocation. It’s also created a rich opportunity for Intel, as customers look to the long-struggling foundry arm of the U.S. chip manufacturer for a second source.
Chapters:
0:00 Introduction
2:06 ‘Most popular person on the planet’
6:54 Making room for smaller players
9:10 Can new U.S. fabs ease the crunch?
Producer and Reporter: Katie Tarasov
Edited by: Matt Soto, Andrew Evers
Camera: Eddie Temborski, Robert Lampe, Evan Reinhardt
Senior Director of Video: Jeniece Pettitt
Animation: Jason Reginato, Emily Park
Additional Footage: Cerebras, D-Matrix, Getty Images, Intel, Nvidia, OpenAI, SpaceX, TSMC
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Why There’s An ‘Extremely Fierce’ Battle For TSMC’s Limited Chip Manufacturing Capacity
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Warner Music Group, the third-largest music label by market share, is tapping into the South Asian music movement with its latest venture.
CNBC’s Laya Neelakandan explains.
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Micron’s hometown of Boise, Idaho has a growing crop of newly minted millionaires.
The AI-driven memory boom is showing up in the form of job growth, new construction projects, a bustling dining scene and an influx in new residents.
CNBC’s Katie Tarasov explains. Find the full report in related video.
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Half of single Americans say they are going on fewer dates or choosing less expensive activities because of rising costs, according to BMO’s 2026 survey.
But, the cost of dating itself is only part of the story. For millions of users, finding a date means paying for the apps.
Watch the full story in related video.
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Billions of dollars have been raised for this year’s midterms elections, with a significant portion coming from big name tech billionaires in the cryptocurrency, artificial intelligence and online gambling sectors. Megadonors’ contributions are overwhelmingly behind Republicans in the 2026 midterm election, with 14 of the 20 largest donor groups exclusively or nearly exclusively backing GOP candidates or outside groups. CNBC’s Luke Fountain reports.
Chapters:
00:00 – 00:56 Introduction
00:57 – 03:37 Chapter 1 – Republican-aligned donors
03:38 – 05:07 Chapter 2 – Democrat-aligned donors
Reporter: Luke Fountain
Produced and Edited by: Romy Tarantino
Animation: Jason Reginato, Emily Park
Additional Camera: Macklin Fishman, Andrew Evers
Supervising Producer: Shawn Baldwin
Additional Footage: Getty Images
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About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
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The Megadonors Funding The 2026 Midterms
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@ghostbaz12
December 22, 2023 at 1:01 am
I agree will never happeneing in us
@user-mj6sk6gq1w
December 22, 2023 at 1:01 am
Cash is the best it be a shame. What is everything coming to? You gotta be careful using some of them cards that they make you purchase online. It just feels good it’s like it’s real you know what you’re going to get you’re not going to get ripped off.
@georgedoolittle9015
December 22, 2023 at 1:01 am
Can't run a Farm or Ranch without cash. Or a trucking Company. Or a Railroad. Or an Airline. Cash is expensive to distribute though, yes… absolutely. And physical US Dollars are a very valuable form of cash.
@shanerichardson3212
December 22, 2023 at 1:01 am
Powers down internet down eftpos is down… who do you call? 3:17
@mcdogloo
December 22, 2023 at 1:01 am
Although I prefer using cash with small transactions, the larger payments, i.e. mortgage, car loans, etc. I trust digitally. So much so, I invested in a company, Intercomputer, with hope their system can be implemented.
@bobbobbington3615
December 22, 2023 at 1:01 am
No!
@shelbys6758
December 22, 2023 at 1:01 am
I prefer cash and am 18
@EngPheniks
December 22, 2023 at 1:01 am
What if there is no need for money as in Star Trek
@erichalfbee503
December 22, 2023 at 1:01 am
Oh dear. People want to keep dirty pieces of paper that have no value unless teh central banks say they have. Why? They even have serial numbers.
Why not go backk to teh barter system? 2 chickens for a haircut?
And dont be fooled with the odd business saying they prefer cash, most businesses dont. Electronic is instant, and doesnt need a security company to come and pick it up.
@radiopete7290
December 22, 2023 at 1:01 am
49 seconds in – and these guys just tell lies – Digital Currency is Not Money – It is not Backed by anything real that gives it Value, and Digital Currency is EXPENCIVE – It is UNSUSTAINABLE and uses huge amounts of C02 through all the Electricity and Devices required to use it. Anyone that uses a Cell or Mobile device is causing as much C02 as a Fossil Fueled Truck in a Year.. WHAT EVER IS CONVIENIENT OR EASY COSTS HUGE AMOUNTS OF MONEY AND RESOURSES to run …Stop being so dumb
@takecare5077
December 22, 2023 at 1:01 am
If cash goes goodby then hello negative interest rates when wanted.
@johnwright291
December 22, 2023 at 1:01 am
George Orwell is doing flip flops in his grave.
@captjim007
December 22, 2023 at 1:01 am
Cash = Freedom When cash is gone the government will have complete control over its subjects.
@phoenix-wc5vx
December 22, 2023 at 1:01 am
Wow it's so close! A very exciting time to see a no money future where people's special talents are used and they do meaningful work they actually love !!! ❤
@josephrothschild173
December 22, 2023 at 1:01 am
No cash money no freedom
@raheemajohnson8429
December 22, 2023 at 1:01 am
Billions of people are still using cash not just cards let’s be honest. Using a card to order off line you have to worry about your packages being stolen when they deliver it that’s not safe either.
@raheemajohnson8429
December 22, 2023 at 1:01 am
Just because some people don’t use cash everybody else still do & most people prefer cash. This is really all about control it’s Bs, let’s be honest it’s all about the rich, poor people living from paycheck to paycheck with low income that barely making it every month. As you see, they don’t think about people that barely making it in this world.
@eomseoa
December 22, 2023 at 1:01 am
If we do not use cash the world will become very diiferent. Also many people will get stressed and will have difficulties. In my opnion, the cash should still exisist.
@janetdavis4724
December 22, 2023 at 1:01 am
Lazy people are what is causing a lot of this stuff, to lazy to figure stuff out.
@grahammidwinter9895
December 22, 2023 at 1:01 am
Cashless transaction will not replace cash, because cashless transactions are easily traced & the crooked politicians & gangsters would not want this. Cash is untraceable.
@ericencina209
December 22, 2023 at 1:01 am
THE LEGAL TENDER PAPER CASH MONEY OR EVEN BANK MONEY MUST NOT BE ELIMINATED, WHILE, MAYBE, DIGITAL CURRENCY MUST ONLY BE AN OPTION FOR THOSE WHO PREFER TO USE IT, BUT MUST NOT BE IMPOSED TO HUMANITY FOR VARIOUS REASONS AND PROPAGANDA AND THREATS, ETC.
@janetdavis4724
December 22, 2023 at 1:01 am
Fees is not what bothers me it is the CONTROL. they are after, if you don’t think so you better start reading the new world order, WHY DO YOU THINK THEY WANT CHIPS IN YOUR HANDS, SO THEY CAN FOLLOW YOU. IT WILL. Take LITTLE TIME TILL THEY. Get to this point but they will.. ,very scary. They want. every one to walk, no cars. Every one needs to live in a village. where they can walk where they go. No trips. to any where.. no cars. Readi5
@peterhicks5590
December 22, 2023 at 1:01 am
Another virus on the way !