What seemed almost like science fiction to our parents is coming scarily close to the realm of feasibility: more and more countries are talking about stopping the production and use of cash in their economies.
But the push is coming from somewhere else. Powerful lobbies are pushing ever stronger, in order to achieve total and absolute control of our economies.
In 1998, four guys started an Internet banking company, Confinity, in the early years of online services. Business was slow, as people either didn’t know about such services or distrusted the idea of immaterial money, until a now-world-famous Elon Musk joined Confinity, re-shaped it, and renamed it PayPal.
Four years later, the business was sold to eBay for 1.5 billion dollars. In other words, not only was PayPal there from the start, but it had the perfect position to observe the very tight relationship between the share of the population using online monetary services and the cashflow a business could expect to make (close to 10 billion dollars today for PayPal alone).