Money, money, money

The potential for physical money to be the vector for the virus has encouraged every capable society to shift towards card-based payment, preferably contactless at the point of sale. As a consequence I, like many other people, stopped using cash.

In fact, it has been about a year since I last used cash, and I’m getting to like it. One downside of this is that now all of my transactions are being tracked by someone. With the demise of cash comes the demise of privacy.

So now I predict that there will be a growing popular demand for a true digital cash technology, one that has all the convenience of traditional cash, the added benefits of personal accounting (not to mention the added hygiene), and without loss of transactional anonymity. That’s going to be quite a challenge.

Categorised as: Business

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