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beebee
edited July 2020 in Other Investing
Getting Closer to cashless:

“We have a world in which there is less contact,” he said. “People’s habits are changing as we speak.”
Those dynamics are creating a golden moment for credit card companies, banks and digital platforms, which are capitalizing on the crisis to advance the cashless revolution by encouraging consumers and retailers to use cards and smartphone apps that yield lucrative fees. In Britain alone, retailers paid 1.3 billion pounds (about $1.7 billion) in third-party fees in 2018, up £70 million from the year before, according to the British Retail Consortium.

Payment and processing companies such as PayPal (whose stock is up about 55 percent this year) and Adyen, based in the Netherlands (up 72 percent), also stand to gain. So do data analytics and fraud prevention companies, and businesses that enable merchants to accept card payments.
https://nytimes.com/2020/07/06/business/cashless-transactions.html

Instead of handing out spare change you can now hand out Acorns:


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