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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, described as “The Adviser behind the Advisers” and a “Young Kurzweil,” is the founder and CEO of the 311 Institute, a global futures and deep futures consultancy working between the dates of 2020 to 2070, and is an award winning futurist, and author of “Codex of the Future.” Regularly featured in the global media, including AP, BBC, CNBC, Discovery, RT, and Viacom, Matthew’s ability to identify, track, and explain the impacts of hundreds of revolutionary emerging technologies on global culture, industry and society, is unparalleled. Recognised for the past six years as one of the world’s foremost futurists, innovation and strategy experts Matthew is an international speaker who helps governments, investors, multi-nationals and regulators around the world envision, build and lead an inclusive, sustainable future. A rare talent Matthew’s recent work includes mentoring Lunar XPrize teams, re-envisioning global education and training with the G20, and helping the world’s largest organisations envision and ideate the future of their products and services, industries, and countries. Matthew's clients include three Prime Ministers and several governments, including the G7, Accenture, Bain & Co, BCG, BOA, Blackrock, Bentley, Credit Suisse, Dell EMC, Dentons, Deloitte, Du Pont, E&Y, GEMS, HPE, Huawei, JPMorgan Chase, KPMG, McKinsey, PWC, Qualcomm, SAP, Samsung, Sopra Steria, UBS, and many more.

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