Bill Gates Hates Cash. Here’s Why – Bloomberg BusinessWeek 01-23-13

Salient to Investors:

The Better Than Cash Alliance, partially financed by the Bill & Melinda Gates Foundation, said electronic transactions are better than cash payments because:

  • Less corruption and theft when payments can be easily tracked.
  • The money gets where it’s supposed to go.
  • Electronic payment helps unbanked people establish a record of on-time payment of their bills.
  • Moving physical cash around is costlier than electrons.

Read the full article at http://www.businessweek.com/articles/2013-01-23/bill-gates-hates-cash-dot-heres-why#r=rss

 

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