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As cashless stores grow, so does the backlash

April 18th, 2019 at 10:39 am » Comments Off

Hembert Figueroa just wanted a taco. So he was surprised to learn the dollar bills in his pocket were no good at Dos Toros Taqueria in Manhattan, one of a small but growing number of establishments across the U.S. where customers can only pay by card or smartphone. Cash-free stores are generating a backlash among […]



Immigrants in the U.S. sent over $148 billion to their home countries in 2017

April 16th, 2019 at 11:13 am » Comments Off

Remittances sent by immigrants living in the U.S. to their home countries in 2017. A significant share of immigrants all over the world send part of their paycheck back to help their families in their home countries. When all of those payments are added together, the amount of money on the move every year is […]



There’s a retirement crisis in America where most will be unable to afford a ‘solid life’

April 10th, 2019 at 11:26 am » Comments Off

The three “legs” of the retirement “stool” (private savings, pensions, and Social Security) are all in dire shape. At Vanguard, the median 401(k) account value for an investor age 65 and older is a measly $58,035. After looking at the data, the Saint Louis Fed concluded: “It could be worrisome that, for many American households, […]



Chicago Mayor believes Crypto adoption is “inevitable”

April 6th, 2019 at 12:40 am » Comments Off

Cryptocurrency received an endorsement from Chicago Mayor Rahm Emanuel when he stated that wide-scale crypto adoption is “inevitable” at a FinTech meeting in his city earlier this week. The chief of staff for former US President Barack Obama said that while he is no expert in crypto technology, he believes digital assets could help financially […]



Sweden: How to live in the world’s first cashless society

March 9th, 2019 at 2:44 am » Comments Off

Sweden goes from being the first in adopting banknotes in Europe in 1661 to introducing its own digital currency in 2021, and becoming the first world’s cashless society in 2023. How is a country becoming the world’s first cashless society? Sweden, one of the most technologically advanced nations on the planet, is leading the way. […]



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