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Why You Need to Prepare for the Cashless Society

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Earlier this month, the European Central Bank suggested that the 500 Euro note needs to be eliminated. Not long after, academics and policy makers in the US started to call for the elimination of the $100 bill. This isn’t something that the average person really thinks about on a regular basis, or even cares about. The vast majority of our purchases are done through digital channels these days. Unless you’re about to buy a used car on Craigslist, you probably won’t be needing the hundred-dollar bill. For most people, eliminating it would be an inconvenience at best.
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