PayPal Says Credit Cards Will Be Dead in Five Years
In a fairly unprovoked and rather unexpected statement, a senior executive for PayPal announced last week that their forecast shows that the use of traditional, plastic credit cards will likely be dead throughout most of the world within the next five years.
As outlined by Global Vice President Hill Ferguson, the adoption of smartphones by hundreds of millions of people in recent years has provided additional outlets for consumers to access their lines of credit without the need for a physical card, and it is no surprise that PayPal
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