China moves closer to cashless society

BEIJING — Although it is the first time Laura Primiceri has visited China, the British woman has quickly adapted to cashless life in Beijing. She was aware of the prevalence of China’s mobile payment before her arrival in February and downloaded WeChat and Alipay, the two most popular mobile payment services in China. “I use them… Please follow and like us:

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BCG: Banks Need Bionic Transformation To Conquer Future

Following the 2008 global financial crisis, banks have made positive strides in stabilizing their financials, but another macro economic headwind in technology lies ahead. Currently, the top banks are dramatically leading their rivals as retail banking faces emerging disruptive threats to traditional business models, a Boston Consulting report noted. As a cashless society approaches, bank customers… Please follow and like us:

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Here Is How Bitcoin Evolved Over Time

From paper currency to credit cards to the newest trend — cryptocurrency, the way we transact has changed overtime. One major factor in this and the most common cryptocurrency is Bitcoin. Introduced as a peer-to-peer electronic cash system in 2008, Bitcoin has evolved from being just a niche method of maintaining liquidity to being mainstreamed as… Please follow and like us:

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Goldman Sachs: Trend Towards Digital Cash Is Unstoppable

Untraceable cash is headed for history’s trash bin, says research from Goldman Sachs. With Digital cash and cryptocurrencies such as Bitcoin growing, Goldman notes cash is involved in crime, tax evasion and tracking the population has its benefits, the research piece opines. Consumers can receive loans more easily, for instance. In a March 23 strategy note… Please follow and like us:

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