Kiss cash good-by! Eswar Prasad claims that we will become a cashless society in a couple of decades. More and more people use credit cards and their phones to pay for their purchases. Some stores are refusing to accept physical cash (partly because of Covid-19 concerns).
The trend is toward cryptocurrencies like:
- Ethereum (ETH)
- Litecoin (LTC)
- Cardano (ADA)
- Polkadot (DOT)
- Bitcoin Cash (BCH)
- Stellar (XLM)
- Dogecoin (DOGE)
If you want a peak at what the future of money will look like (and sooner than you think!), I recommend Prasad’s The Future of Money. We still use cash and checks so we’re in for a shock! How do you pay your bills? GRADE: A
Table of Contents:
I Laying the Bedrock
1 Racing to the Future 3
2 Money and Finance; The Basics 23
II Innovations
3 Will Fintech Make the World a Better Place? 61
4 Bitcoin Sets Off a Revolution, Then Falters 106
5 Crypto Mania 150
III Central Bank Money
6 The Case for Central Bank Digital Currencies 193
7 Getting Central Bank Digital Currencies Off the Ground 239
IV Ramifications
8 Consequences for the International Monetary System 277
9 Central Banks Run the Gauntlet 313
10 A Glorious Future Beckons, Perhaps 354
Notes 363
References 453
Acknowledgments 467
Credits 469
Index 473