Cashing in on the cashless society
While the world’s media was trying to get a handle on Russia and Ukraine, my counter-cyclical approach was to investigate the move towards a cashless society. Retailers and banks have been (stealthily), moving away from having their shop assistants and tellers handle cash. Maybe it was already happening, but the Covid-19 pandemic accelerated the push by retailers in particular, to insist on people using a debit card to pay for goods and services. The rational…