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.”
Date: Oct 25, 2019
Questions for discussion:
- Explain why John Rainey believes “the death of cash has arrived”?
- Do you agree with his assessment?