PayPal CFO: We’ve been talking about the death of cash for years — and now ‘it’s here’

Posted by & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 4: Marketing Management, Part 5 Managing Technology and Information, Part 6 Managing Financial Resources.

Description: The death of cash has arrived, PayPal CFO John Rainey told CNBC on Thursday. “We’ve been talking about this phenomenon or trend for years now, and it’s here,” Rainey said on “Squawk Alley.” “We experience it today.”

Source: CNBC.com

Date: Oct 25, 2019

Link: https://www.cnbc.com/2019/10/24/paypal-cfo-john-rainey-on-the-end-of-cash-and-rise-of-digital-payments.html

Questions for discussion:

  • Explain why John Rainey believes “the death of cash has arrived”?
  • Do you agree with his assessment?

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