Paper money or bills and notes as they are commonly known are dying a slow natural death.The traditional corner shop owner will have to wake up and smell the coffee if he wants to continue with business.More and more people are opting to do their shopping with their card,be it debit or credit card.But those too are getting out of fashion especially with the misuse of debit cards running many families to bankruptcy.
The mobile phone is becoming the preferred means of paying for goods and services.With the advent of M-pesa in Africa,the mobile has taken its place in the business world and going forth more and more gsm subscribers will see it as a viable means of making payments and transfers.
The convenience that the mobile makes is fantastic noting that you can use it to go online shop from the internet and actually pay for goods and services provided.
So with the death of paper money no one is actually mourning as people will not have to carry hard cash which posses a security threat.
I did not want to break up the theme of defeat and failure in 2 posts, so was very high position. But man, being in this "limbo" state, such thoughts are helpful to read.
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