Electronic cash has been much more successful in the United States than it has been in Europe and Asia.

Question

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Electronic cash, also known as digital or e-money, has been more successful in Europe and Asia than in the United States. In countries like China and Sweden, electronic payments are widely used and have largely replaced traditional cash and credit card transactions. In the US, cash and credit cards are still the dominant forms of payment, although mobile payment options like Apple Pay and Google Wallet are gaining popularity.

Electronic Cash Has Been Much More Successful in the United