Episode 1059 • • 2:24:49 - 2:31:07
1059: Barrel Roll
Cardless ATMs, De La Rue Banknotes and Inflation
Chase Bank is rolling out cardless ATM transactions using mobile wallets like Apple Pay, signaling a move toward a cashless society. Conversely, a report on De La Rue, a company that prints banknotes for a third of the world, highlights the continued importance of physical currency in developing nations. The segment concludes with an explanation of how inflation has devalued the U.S. dollar tenfold since the 1960s.