Salient to Investors:
The Better Than Cash Alliance, partially financed by the Bill & Melinda Gates Foundation, said electronic transactions are better than cash payments because:
- Less corruption and theft when payments can be easily tracked.
- The money gets where it’s supposed to go.
- Electronic payment helps unbanked people establish a record of on-time payment of their bills.
- Moving physical cash around is costlier than electrons.
Read the full article at http://www.businessweek.com/articles/2013-01-23/bill-gates-hates-cash-dot-heres-why#r=rss
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