HSBC: Cashless Society Is Coming, It Is Just a Matter of When

Watching megatrends form and grow is not only fascinating but for investors can be profitable. The trend towards a cashless society, or at least a cash-lite economy, is one such trend, a societal transformation that could have a profound impact. That trend is persisting and looking promising if not unstoppable. Bank research on the topic has been generally positive, touting the benefits to society and governments as well as individuals. HSBC, out with a May report, is positive on the concept and benchmarks the trend status. A recent Baker and McKenzie article in affiliation with Euromoney Institutional Investor Thought Leadership, a financial journalism organization, raises new issues and discusses the role of crypto-currencies like Bitcoin in this...