Bank of America CEO: 'We Want a Cashless Society'

[DEAD7]

Bank of America CEO: 'We Want a Cashless Society'

Bank of America CEO Brian Moynihan embraced the digital money movement on Wednesday, saying his firm has "more to gain than anybody" from the booming trend of non-cash transactions. "We want a cashless society," Moynihan, who heads up the second largest U.S. bank, told attendees at Fortune's Brainstorm Finance conference. He pointed out that more than half of all money transactions are already processed electronically, with the rise of cryptocurrencies, and payment systems like PayPal, Zelle, and digital wallets. The banking sector has "already digitized," Moynihan said on Wednesday. "The business has moved digitally and it will continue to move that way. It's just figuring out how to add the value."

 

[Pressure]

Me too. :Bigwow3:

 

[AnonymityX1000]

I wonder what body part they are going to install the chip in. lol

 

[Starman]

yeah, this isn't good.

 

[ColdSlither]

All that shyt my uncle said to me just to scare my ass back in 92 is fukking inevitable

 

[Black Hans]

Oh really? You mean you won't be able to buy or sell without some sort of device?

Jesus loves you, brehs.

 

[ORDER_66]

What?!!?

 

[Ya Sinning Mane]

Another warning he soon to come

 

[Robbie3000]

I go months without touching dirty ass bills. Now with cash app, even my morally questionable to illegal purchases don't need cash.

 

[AnonymityX1000]

I go months without touching dirty ass bills. Now with cash app, even my morally questionable to illegal purchases don't need cash.

Leave an e-trail for illegal activities brehs.

 

[Robbie3000]

Leave an e-trail for illegal activities brehs.

I don't think the gov't is concerning itself with cash app transfers to my homie for an edible from time to time.

 

[AnonymityX1000]

I don't think the gov't is concerning itself with cash app transfers to my homie for an edible from time to time.

Not yet at least.

 

[ill]

Cash is king. fukk BOA.

 

[newworldafro]

Me too. :Bigwow3:

I don't think the gov't is concerning itself with cash app transfers to my homie for an edible from time to time.

Have an opinion an entity doesn't like and have your ability to buy and sell cancelled, because you have no option for cash, brehs.

China is literally the model. They're doing it right now. Yall thinking on an individual level, and not whole society wide.

 

[BillBanneker]

Honestly if you're already making majority of your transactions online/via app I don't see why you're acting all scary over this.