Around the world in 80 payments – global moves to a cashless economy
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Bernardo Batiz-Lazo, Bangor University; Leonidas Efthymiou, Intercollege Larnaca, and Sophia Michael, Intercollege Larnaca
Ever since computers were first introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete. The near death of personal cheques, increase in debit and credit card use, and innovations such as PayPal, Square, Apple Pay and Bitcoin, have led us to believe the cashless society is well within our reach.
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