Cash is falling out of fashion – will it disappear forever?
- Written by Bhaskar Chakravorti, Senior Associate Dean, International Business & Finance, Tufts University
An Indian man displays new currency notes of 2,000 Indian rupee.AP Photo/Ajit SolankiOn June 27, the ATM turns 50. Former U.S. Federal Reserve Chairman Paul Volcker once described it as the “only useful innovation in banking.” But today, the cash that ATMs dispense may be on the endangered list.
Cash is being displaced in so many ways...
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