Banking, as we know it, will not exist in 10 years

When I first came to Burma (Myanmar) several years ago, there was scarcely an ATM to be found anywhere.

It was primitive. And frustrating.

After all, most people coming from the West tend to think their banking system is robust and highly advanced.

And that’s true to a degree. Internet banking and ATMs are certainly nice modern conveniences.

But if we go back in time and look at traditional banking as far back as the Middle Ages, there’s actually very little about the industry that has changed.

It’s all still quite primitive.

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