Tech: Mainframe computers (IBM 360 etc.) are not "extinct" —…

Question

Did you know? Mainframe computers (IBM 360 etc.) are not "extinct" — they still run 70% of the world's banking transactions and all credit-card payments. One modern IBM mainframe can process 12 billion transactions per day. Some banks still run COBOL code from the 1960s and 70s — no equally reliable replacement has been found.

Accepted Answer

Mainframe computers (IBM 360 etc.) are not "extinct" — they still run 70% of the world's banking transactions and all credit-card payments. One modern IBM mainframe can process 12 billion transactions per day. Some banks still run COBOL code from the 1960s and 70s — no equally reliable replacement has been found.

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