Interesting piece from Martin Armstrong predicting the move to digital currency has little to do with Bitcoin and much more to do with Google and Facebook. He suggests:
– The real birth in electronic money is not Bitcoin, but Google Wallet.
Bitcoin cannot compete nor will traditional banks.
– The iPhone’s fingerprint sensor will make it the most secure credit card.
– Facebook intends to offer banking worldwide to its estimated 1 billion
“We will see Google and Facebook emerge with electronic accounts for a
client-base that will increasingly move away from brick-and-mortar banks
rendering them obsolete just as Amazon wiped out a lot of bookstores.”