Bermuda residents will be able to transfer their money to almost anyone in the world via text

Question:

Bermuda residents will be able to transfer their money to almost anyone in the world via text messaging, thanks to a new service being offered by Bermuda Financial Network Ltd.
If Canadian residents got the service that is coming to Bermuda residents, will currency disappear? How will the components of M1 change?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: