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Why would existing ATMs become a thing of the past? The economy isn't going to switch from cash to crypto in a few years time.
by barrucadu 5y ago
Why would existing ATMs become a thing of the past? The economy isn't going to switch from cash to crypto in a few years time.
- csdvrx 5y ago> Why would existing ATMs become a thing of the past? I just followed up on the Uber analogy: the only people I know to still be using regular taxis are old people. When they retire, I think Uber/Lyft will dominate the market. > The economy isn't going to switch from cash to crypto in a few years time. Likewise, the economy is not going to fully deprecate taxis: in a few years time, there will still be taxis. Then maybe just in some high density cities like NYC or London. But I think the business model of a taxi you can't book from a smartphone is going to end up very dead
- Dracophoenix 5y agoATMs as we understand them might not exist at that point. They'll become the financial equivalent of the payphone. Banks will be 99% web-based and money will be exchanged in the form of digital dollars.