Will your next payment be governed by your own custom algorithm?
In short: As physical currency becomes an increasing encumbrance, we are moving toward a purely digital economy. This lecture explores the underlying technology of new currencies and the potential for users to move beyond standard banking apps.
Richard Harvey examines the transition from physical cash to a cashless society, questioning what this shift truly looks like for the global economy. Beyond simple mobile banking, the discussion touches on the infrastructure of digital currency and the possibility of open APIs. This could allow individuals to write their own payment algorithms rather than relying on proprietary bank software.
The lecture is part of a long-standing tradition at Gresham College, which has provided free public lectures since 1597. It contributes to a vast archive of over 2,000 accessible lectures aimed at exploring complex intellectual topics.
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Sources
- Summary by Intellect · source: The Cashless Society
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