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Bank of America CEO Calls for Cashless Society: The Libra Effect?

Mayur Sontakke, CFA, FRM
Bank of America CEO Calls for Cashless Society: The Libra Effect?

Speaking at the Fortune Brainstorm Conference on June 19, Bank of America (BAC) CEO Brian Moynihan spoke in support of a cashless society. He said that the second-largest bank in the US has “more to gain than anybody” from such a scenario.