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‘ cashless ’ society , Marshall believes , is a positive development both for individuals and communities , “ As digital payment methods evolve and the use of cash declines , there is likely to be an increase in transparency and a reduction in tax avoidance and theft .” As such , IoT has the ability to be a genuine power for good in society . As fintechs and banks continue to collaborate on the best way to acquire , secure and retain customer finances , we can be optimistic that everyone will benefit from a more connected experience .
fintechmagazine . com