Infographic: The Future of Money, a hundred year “view”

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WHY THIS MATTERS IN BRIEF

  • The future of money is an emotive topic but it can be characterised by being cashless, digital, and varied


 

A little while ago at the iGaming Show in Amsterdam I was asked to present a keynote on “The Future of Money” and then, shortly afterwards, I was asked to join a panel of bods, for a bit of fun, to explore the topic in more detail, and this is the output.

 

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I believe that as a society we often have this way of over complicating things but, like the future of transport, I think the future of money is a relatively straight forward topic – certainly at a high level. For example, if we look at transport the future is autonomous, electric and full of variants, and when we look at the future of money it’s cashless, digital and, again, full of variants – a veritable “Jurassic Era” of money.

Today we already have an increasing number of countries, from China and Russia, to Estonia and Sweden, who in total represent some 2 billion people, who are now experimenting with and laying the groundwork for national cryptocurrencies and a cashless future, but that said though, it goes without saying that this “switch,” to a completely cashless society, will take decades to realise, and as we head down this road we’ll no doubt see an explosion in the number of both community and national digital currencies, rising from some 1,800 “registered” cryptocurrencies today to, undoubtedly, many, many more.

 

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Welcome to the Jurassic Era.

 

About author

Matthew Griffin

Matthew Griffin, Futurist and Founder of the 311 Institute is described as “The Adviser behind the Advisers.” Among other things Matthew keeps busy helping the world’s largest smartphone manufacturers ideate the next five generations of smartphones, and what comes beyond, the world’s largest chip makers envision the next twenty years of intelligent machines, and is helping Europe’s largest energy companies re-invent energy generation, transmission and retail.

Recognised in 2013, 2015 and 2016 as one of Europe’s foremost futurists, innovation and strategy experts Matthew is an award winning author, entrepreneur and international speaker who has been featured on the BBC, Discovery and other outlets. Working hand in hand with accelerators, investors, governments, multi-nationals and regulators around the world Matthew helps them envision the future and helps them transform their industries, products and go to market strategies, and shows them how the combination of new, democratised, powerful emerging technologies are helping accelerate cultural, industrial and societal change.

Matthew’s clients include Accenture, Bain & Co, Bank of America, Blackrock, Booz Allen Hamilton, Boston Consulting Group, Dell EMC, Dentons, Deutsche Bank, Deloitte, Deutsche Bank, Du Pont, E&Y, Fidelity, Goldman Sachs, HPE, Huawei, JP Morgan Chase, KPMG, Lloyds Banking Group, McKinsey & Co, PWC, Qualcomm, Rolls Royce, SAP, Samsung, Schroeder’s, Sequoia Capital, Sopra Steria, UBS, the UK’s HM Treasury, the USAF and many others.

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