For all you youngsters, Traveler's Checks were, at the time, the safest way to travel with “cash.” Let's say you wanted to travel with $500. Instead of cash, you’d head to Thomas Cook, order your Traveler's Checks, sign them in front of the cashier, and again when buying something. Every store or restaurant accepted them. In fact, I don’t recall a single retailer turning one down on that trip to Corfu. They were safer than cash because they required a matching signature and a piece of ID to be cashed. But decades later, not only have Traveler's Checks gone the way of TV antennas and Diners Club, but you also no longer require cash of any physical kind to travel. I came on this trip without a single euro (although a little local currency is not a bad idea; I just wasn’t that organized) and instead used Apple Pay backed up by a couple of credit cards, just in case they needed me to insert a card or if I somehow failed to charge my phone.
This got me thinking about…