It isn’t the pandemic that’s putting this popular means of payment out of existence. All that Covid-19 has done is to accelerate a trend that was already with us.
From Bloomberg Opinion: 'If all the money in circulation is private, controlled by e-commerce and social media platforms, authorities won't be able to protect consumers from being exploited,' Andy Mukherjee writes. 'That's why even in countries where technology has turned it into an anachronistic appendage, cash can't be allowed to die.'
Cash is dying, but we aren't ready to bury it - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Back in 2011, tech investor Marc Andreessen made a prediction. He claimed that by 2021, ‘software will eat the world’. Andreessen was right. 2021 is here…
The bank is predicting a $450 billion “value pool” of data from vehicles by the end of the decade, with the information gleaned encompassing everything from driving patterns to coffee purchases.