The convenience of cashless payments is slowly degrading the relevance of physical money, and Visa's newly announced cashless strategy for the FIFA Confederations Cup is yet another blow to that ancient representation of the economy. The international soccer organization and the massive credit card company will partner for the upcoming tournament in Russia to provide as close to a cash-free experience as possible.
The FIFA Confederations Cup is a massive international tournament, featuring the winning national competitors from various regional championships. It draws serious crowds thanks to the star players on display, and these crowds tend to be eager to spend. To placate them with a cashless experience, Visa will open 1,600 payment terminals and 120 mobile concessionaires throughout the Confederations Cup's several different playing fields.
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