The powers-that-be want to kill paper money. It would make everything so much easier.
However, cash is still king at the lower rung of the socioeconomic ladder. Walmart and PayPal want to change that.
The companies announced Oct. 9 that shared customers will be able to deposit and withdraw funds from their PayPal accounts at Walmart stores. This is a giant step toward a cashless society.
PayPal cut its teeth in the early years of the internet. In the early 2000s, eBay represented the cutting edge of ecommerce. Unfortunately, shoppers were still reluctant to toss their credit card information into cyberspace.
PayPal pitched a secure payments architecture to eBay top brass. They liked it so much, they ultimately bought the company.