Ancient programming language COBOL can make you bank, literally

You’d think a computer programming language created in 1959 would be outdated — but you’d be incredibly wrong. Most people know Java and C++, but good ol’ COBOL is still alive and kicking. In the US, around 80 percent of in-person transactions and 95 percent of ATM swipes are based on programs written in COBOL. The problem is there’s not enough people to maintain the current COBOL-based systems. According to Reuters, around three trillion dollars in daily commerce flow through COBOL systems. Many major financial corporations and some parts of the federal government have built their entire infrastructure on COBOL bases from the…

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