Being in the crypto and blockchain industry for quite some time, I am reading a lot about the actual banking and financial markets. I have read many articles which predicts credit and debit cards to be gone in the near future.
In a recent article in a South African news report, a prediction is made that Credit Cards might be gone by 2030.
Johannesburg - Credit and debit card payments could likely become obsolete by the year 2030, if digital payment experts are to be believed.
According to Thomas Pays, CEO and co-founder of instant electronic funds transfer service i-Pay, there will soon be no need for cards.
“The numbers speak for themselves - i-Pay has served 1 million customers in South Africa. We expect that number to grow to 3 to 4 million. Within the next 10 years, there will be a drastic shift in the online payment market,” Pays told Fin24.
News Source
There is no talk about Crypto Currency in the article.
I find it very interesting that the article only have references to the PayPal and other online payment ecosystems. There is no mention of Crypto Currency in the article, so the acceptance o this new technology and financial payment system was not taken to account in the article.
I have mentioned in various articles, that more and more people that I meet have knowledge about either Bitcoin and even other crypto currencies. It is like the rest of the world outside the crypto world is starting to wake up to the new ideas. I am not speaking about one or two individuals. In a recent article I asked people from around the world if they are experiencing the same, and many responded that they are also finding more people asking and enquiring about crypt, blockchain and the technologies surrounding that.
I played in a gold day recently, and from the 5 new friends I made on the day, 4 had conversations about blockchain and crypto, without me mentioning it first. In my opinion the time for world acceptance of various crypto and blockchain technologies might not be in the too distant future.
