Ted Bauman is a highly successful Atlanta based investment analyst and serves as a senior editor at Banyan Hill Publishing. At the firm Bauman authors, a couple of newsletter and his writings revolve around asset protection, migration, and privacy issues as well as low-risk investments. Bauman is an economics and history graduate and has previously served in senior positions in several NGOs dealing with housing and has also served as an advisor to governments and the United Nations.
Ted Bauman, in one of his articles, explains to his readers why they should invest their money on PayPal, an online cashless payment company. According to Bauman, the world is evolving, so is the money industry, and the use of cash for transactions is coming to an end. Bauman, in his letter, takes his readers back and asks them to remember the last time they used cash for purchases. The last time the majority of people used cash for transaction maybe months for some and others years ago. According to Ted Bauman, that is a clear indication that in few years to come people will no longer be using cash for transactions but will be using digital currency such as PayPal. Already many companies, even small local business have started accepting PayPal as well as credit cards for Transactions. See more on forexvestor.com
Ted Bauman says that still there are those people who are using cash. However, from research, those people are only using cash for small purchases and plastic cards or digital payments for significant transactions. Statistics from the Federal Reserve supports this fact, and according to them in the years 2016, only 35 percent of all transactions were made using cash the rest were digital payments. Moreover, of the 35 percent cash transactions, the amounts that were involved were less than 25 dollars.
Ted Bauman recommends that his followers invest their money on newer cashless payment systems such as PayPal as opposed to companies such as Discover and Visa. Bauman says credit cards will not remain a lucrative transaction option for a long time as a newer and better cashless mode of payments is invented almost every year. Other than PayPal, there are many different digital payment platforms such as Google Wallet and Apple Pay. However, according to Bauman, PayPal is the best due to its successful track record and adaptability.