In the year 2020, it should not come as a surprise that my bankand credit card provider for the past 25 years no longer exist. No,they did not go bankrupt overnight because of yet another financialcrisis. They were slowly forced into extinction over a period offive to six years and they did not even feel a tremor. Just likeKodak, Nokia, RIM and taxi cab drivers across the world, they didnot see it coming.
A century of success with paper money caused by globalizationforced mass exodus of people, opening up of new markets andredefined political boundaries brought about complexitiesassociated with moving money across such boundaries. Banks andcredit card companies thrived in this complexity.
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