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⍰ ASK How did the introduction of credit cards impact electronic payments in the U.S.?

Credit cards made a big difference in how people pay for things in the U.S. In the mid-20th century, Diners Club in 1950 and American Express in 1958 introduced credit cards, changing how transactions happen.

Lots of businesses started accepting credit cards, making it easier for more people to buy things. This change also influenced how businesses operated.

Credit cards gave people an easy way to buy things without using cash. This switch to electronic payments meant you could make purchases without having money right away, leading to more spending.
 

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