To understand the future of money and transactions, one must understand the nature of currency. Foremost, it is not real. A coin, a paper bill, a debit or credit card hold no value as objects. Currency has always been a form of data. Currency is the first digital revolution, started to turn it into what we now think of as traditional data. That has set us up for the second digital evolution of currency: where mobile technology and the cloud once again change how people make transactions.
What will money look like in 2020 and beyond? Will smartphones, smart cards and digital wallets kill the paper bill? The infrastructure needed to change the nature of transactions is already being built. There are issues to be tackl... Read Post
One of the basic tenets of the modern financial system is that it takes money to move money. In its most basic form, that means that when you make a transaction with your debit or credit card, the processing companies, such as Maste... Read Post