Post
Topic
Board Bitcoin Discussion
Re: CEO of Bank of America: “We Want a Cashless Society”
by
serjent05
on 21/06/2019, 16:41:06 UTC

I'm pretty sure that when Moynihan said "We want a cashless society", I don't think he was automatically referring to cryptocurrencies. Like what it says on the article, cashless and digital also includes non-cryptocurrency platforms like PayPal and such. There's a good chance that he's referring to countries like Sweden whereas transactions are pretty much mostly through credit/debit cards and non-crypto mobile payment platforms.

Same thought.  I believe the cryptofanatics do not have a reason to celebrate on this statement.  They are more incline to use VISA, CC,Paypal and other method of online payment than cryptocurrency unless this cryptocurrency are self made by the state.  Cryptocurrency especially Bitcoin is yet to be proven and needs alot of improvement to scale against this major online payment sytem.