This 65-year-old programming language is making companies spend millions to keep it running
The 65-year-old programming language COBOL remains a critical foundation for the global financial system, powering a significant portion of ATM and banking transactions. Despite its age, companies are spending millions to maintain these legacy systems to prevent potential economic collapse.
Why it matters
It highlights the fragility of modern financial infrastructure that relies on aging, specialized technology that is increasingly difficult to maintain.
How this 65-year-old programming language that powers world s 9% ATMs is making companies spend millions to keep it running - The Times of India
The article provides a factual overview of a technical dependency without taking a political or ideological stance.
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