Gary Cohn | Vice Chairman of IBM | Former Director of the National Economic Council

The coronavirus pandemic, and our efforts to cut disease transmission, is forcing us to ask whether we have outgrown the need to carry and move money in physical form. We already have the technology to pay and transact in a purely digital fashion and use highly secure biometric authentication at the point of transaction. If we shifted to digital, no one would carry dirty cash or coins or deal with a cheque again.

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