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Tuesday, 7 October 2014

The future of money: Smartphone swiping in the mobile age

The Pew Research Internet Project conducted a research on the future of money in a mobile age.  Even though the study was conducted in the USA but I believe its finding is universal due to the pervasiveness of mobile phones in all corners of the world.

“There is nothing more imaginary than a monetary system. The idea that we solemnly hand around printed slips of paper in exchange for food and water shows just how trusting and fond of patterned behavior we human beings are. So why not take the next step? Of course we'll move to even more abstract representations of value.”

Susan Crawford, Harvard professor and formerly a special assistant for technology policy for
President Barack Obama

Access the Findings here

http://www.pewinternet.org/2012/04/17/the-future-of-money-in-a-mobile-age/

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