Will Coins and Bills Eventually Disappear to be Replaced With an Electronic Wallet?

In Canada it is taken for granted that we can use our ATM/ABM (Automated Teller Machines – Automated Bank Machines) cards to buy gas, food at groceries, restaurants, liquor stores and elsewhere. Most places of business accept direct debit card transactions. Some places do pose a $5.00 minimum but that is a small price to pay for added convenience. Sure most countries accept credit cards for the same type of purchases but not always a debit card. Even in the United States, many states lack the acceptance of debit cards unless it is a debit card and credit card combination like a Mastercard debit card. These cards are not the same since you still need to top up the Mastercard debit card when the funds run low on the card.

In most Canadian cities, you have ATM/ABM machines in banks open 24/7, in convenience stores, bars and even ATM/ABM only locations. Some cities even have ATM/ABM drive thru. The only convenience area that still lacks the use of an ATM/ABM card is on vending machines. Some do exist but not a common sight yet. To carry cash or go to a bank to withdraw cash first before shopping is nolonger a neccessity. Many major retailers and businesses also allow a CASH BACK transaction with the purchase. This makes it truly convenient when you are strapped for time.