Cash will be like Car­ry­ing Bag of Gold: MasterCard UK Chief

The Economic Times - - Around The World -

Mark Bar­nett, the boss of MasterCard in the UK and Ire­land, be­lieves that in five years time cash will be prac­ti­cally ex­tinct in Bri­tain and Ire­land — and in 30 years it will seem as old fash­ioned as the horse and cart. Bar­nett told Busi­ness In­sider at the Money2020 con­fer­ence in Copen­hagen last week: “By the time we get to another gen­er­a­tion, 30 years down the track, will there be any cash? I very much doubt it. It will seem as an­te­dilu­vian as car­ry­ing a pouch full of gold.” Busi­nessIn­sider

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