Note from the CEO: Bye Bye Euro. Yes, but not for the reason you may think (like the EU imploding). The author points out that fintech is making the innovators prosperous since every country in Europe (world?) now takes credit/debit cards which makes it a cashless society. Remember, that’s what the Euro was created for, right? Wait 'til bitcoin hits big time. Bye Bye Euro (dollar too?)
"European FinTech (financial technology) innovators are prospering by solving many of the problems that motivated creation of the Euro, and Europe is struggling with a debt crisis that the Euro helped create. FinTech may eventually make the Euro obsolete........
Three of the Nordic countries – Sweden, Denmark, and Norway – kept their national currencies, not joining the Euro. The U.K. kept the British pound, and of course it is now “Brexiting” the European Union. And Finland adopted the Euro. So a traveler through the region needs access to five currencies. As I began my travels, I was ready for a return to the hassles I remembered from many business trips to Europe before 1999: changing currency in every airport and trying to work out how much to expense for currency change fees when the cab I took in Finland was paid with Euros that had been purchased with Swedish Krona which in turn were purchased with British Pounds, as I worked my way eastwards changing money in each country.
Today, currencies are almost irrelevant to business travelers in northern Europe. The reason is simple: almost every transaction can be, and usually is, electronic. Hotels take credit cards, of course, and today many offer to charge you in dollars or local currency, as you prefer....."
Read Full Article at Forbes