The push to a cashless society has been slowly ongoing since the first credit card was introduced decades ago. It wasn’t until recently that technology has caught up with the possibility. Whether the move towards reality continues will be more about acceptance and security than anything else. With computers becoming smaller, faster and the world continuing on its wireless path, it’s almost inevitable.
We already have little to no need for ATMs, and I’ve only used a bank teller once in the past three years. We have direct deposit and can scan or take a picture of a check with our phones to make deposits too. Debit cards are accepted everywhere and we can transfer money and pay bills with the touch of a button.
With the potential of mobile to deliver the missing link, we can see paper money heading the way of the dodo. Continue Reading…
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