There is no connection between cash and the real economy any more. We are in the era of “rump cash”.
Cash is no longer part of the “real” economy
Category: Money
Who cares what is or isn’t legal tender?
I don’t know why people in the virtual currency community focus on making digital money “legal tender”. Many people don’t know what it means and it really doesn’t matter anyway.
Could you spot a fake €20?
It’s hard enough to spot a counterfeit banknote when you use them all the time, but how often do I use a €20 or a £50 or a $100? Best to avoid them, in my opinion.
The New Year three-party party
I’m convinced there’s going to be a re-localisation of payments. Regional, national, local, community, hyper-local? Who knows, but the universal, the international and the general solutions will need to deliver genuine added-value to compete with newcomers that focus.
California dreaming (Bitcoin isn’t a currency)
The citizens of California find themselves in the vanguard of a new economy, the epicentre of a monetary revolution and so on and so forth. I wonder if they’ve noticed?
Ecuador, Greece and Scotland. Let Watson figure out the question
A national digital money system may well be the best way to solve the big problem of small change, but beware the warnings from history! (Updated 31st December with more details on Ecuadoren coin usage).
Time to scrap metal
I’ve been thinking outside the box to see if I can help with the big problem of small change, as they call it. I may get a medal for this.
I don’t know what interchange should be, and nor do you
I will stick my neck out and predict that consumers will not see any benefit from European interchange meddling. It’s the retailers’ shareholders who will be the winners.
The Cashless Top 10
How are a we doing on the road to digital money? Here’s a round the world, whistlestop tour of some countries who seem to be pulling ahead of the pack in the race to a fairer and more efficient economy.
Checking up on cheques
Any day now, if Moore’s Law continues its course and the UK’s role as fintech innovation Ground Zero is confirmed, I’ll be paying in a cheque by mobile phone. I can’t explain why.
