5 Year Forecast: 5 Things That Will Disappear

5 Things That Will Disappear In 5 Years

5 year forecast: 5 things that will disappear.  Just five years ago the world was a very different place. In 2010, the iPad had just made its debut, Kickstarter was introducing a new form of venture capitalism that would change the face of fundraising and Square was letting vendors of any size accept payment with a swipe of a card on a mobile device. And we haven’t looked back. The next five years will no doubt unleash products and services that we have yet to imagine. But as we progress, what will we leave behind? Here are a handful of things we use today that likely will either be gone completely or on their last breath, disrupted by new innovations, technology and methods. Cash, checkbooks, credit cards and ATMs: What’s in your digital wallet? Today, Square lets any business accept debit or credit cards. Venmo lets you split your dinner bill with a friend through a money transfer via text message. Soon, you will have all your banking done through any mobile device — even your vehicle. Across the U.S., check use fell 57 percent from 2000 to 2012, according to the Federal Reserve. Ninety-four percent of consumers under 35-years-old bank online, and more than one-fifth of them have never written a physical check to pay a bill, according to First Data’s report, The Unbanked Generation . In Europe, if you try to write a check, they look at you as if you are crazy. Rent may be the last great bastion of using checks, but even that is well on the decline as property managers switch to electronic payments, and mobile payments become so easy. One more thing: In the more distant future, there will be no cash. No cash means no cash machines — bye, bye ATMs. USB sticks: How much longer for physical media? […]