Cash, once considered king in paying for things, may be taking a back seat to the cashless society being ushered in because of convenience. The COVID pandemic and the preference for using a touchless way for businesses to carry out transactions in person has caused consumers and businesses to prefer this method of payment.
Peer-to-peer payment services such as PayPal, Venmo, or Zelle are becoming the norm to pay a coworker for lunch or send money to a friend. Scammers have found a way to use these apps, using variations on old schemes tailored to the new technology.
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