The War for Your Wallet

"We want a cashless society."

That's what Bank of America CEO Brian Moynihan said in 2019. And while the war on cash may be a strong trend for investors, it's also important to understand the implications of a world that only takes cards (or Apple Pay). Jason Moser caught up with Brett Scott, author of the new book “Cloudmoney: Cash, Cards, Crypto, and the War for Our Wallets” to discuss:
- Incentives in the war on cash
- How money transforms when it moves from your wallet to a Venmo account
- Why cash is like an emergency staircase
- How COVID changed the way we use money

Stocks mentioned: BAC, V, PYPL, SQ, MA

Host: Jason Moser
Guest: Brett Scott
Producer: Ricky Mulvey
Engineers: Dan Boyd, Rick Engdahl