September 18, 2014
I’m thinking about two very different products each apparently well on the road to oblivion.
Here’s a graph (roughly) illustrating the decline in the use of traveller’s cheques (aka “travelers checks” and several other spellings). There was tremendous growth through the mid-1990s. The drop-off is severe. Wikipedia details that “travelers cheques are no longer widely accepted and cannot easily be cashed, even at the banks that issue the cheques.”