Around the world, use of cash is declining. In US, 90% of money is digital. In many parts of US, and even in Europe, payment in the form of cash above a certain limit is no longer allowed. Trackable cash payments is now becoming the rule.
Many of the companies that allow cash less transactions have been flourishing - credit card and debit companies.However, the more potent force is the presence of cellphones. Cellphones can transfer cash over long distances on real time faster and cheaper.
The shift to digital cash has made many of these companies prosperous.
Think of these developments and how these will affect the way you do business and your investments.
See the video: Increasing Use of Digital Currency
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