Banks-Bankers

Is A World Without Cash Looking Inevitable

th-1Physical currency is going extinct, according to Stratfor. In a recent paper, the global forecaster said that the world is on a march to a cashless society and even if there are setbacks the endgame is inevitable. “All of these trends, allied with the unstoppable progress of technology, will likely make cashless transactions ever more prevalent in the global economy, especially as the emerging economies of Africa and India embrace concepts such as mobile banking,” said the note. The pronouncement was driven by a spat of news regarding the elimination of high denomination currencies. Read More