The future of money is digital

Growing digitisation, global connectivity, the smartphone, and other technologies, taken together form the basis for a fundamental change in our monetary system.

Growing digitisation, global connectivity, the smartphone, and other technologies, taken together form the basis for a fundamental change in our monetary system.

We are probably facing the most significant change in 5,000 years of monetary history. In conjunction with various technologies, a merger to multiple digital means of payment will take place. Money becomes a functional carrier, and different forms of money will be used, depending on purpose it should fulfil.

Just like everybody today has a selection of communication apps on their smartphones, tomorrow we will have a bundle of currency apps on our smart devices.