Is the travellers cheque history?

Once upon a time, everyone who went on holiday went down their local bank to pre-order their travellers cheques, no need to bother with this archaic ritual anymore. 

These days you can just pay by credit card nearly everywhere you go, you can also go to just about every automatic teller machine and withdraw local currency. No longer are you at the mercy of local merchants and dodgy exchange rates and commissions, nor do you need to worry about losing your travellers cheques. There is naturally the issue of losing your credit card or even credit card fraud or having your credit suspended, regardless, getting credit card fraud sorted out these days is relatively simple. I've ditched the travellers cheques in favour of electronic banking.