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,…
HSBC: Cashless Society Is Coming, It Is Just a Matter of When
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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