Article: Transactions In A Cashless Society
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Transactions In A Cashless Society
Information technology will blur the boundaries between well-formed and discrete concepts, entities, or states of being in the future because of the porous nature of "being digital." Without question, the generation of kids born a quarter of a century hence will have totally different views about the most basic tenets of society, from love and family to business and pleasure. Of these, I've chosen to focus on money, and how business transactions will change over the next 25 years.
Cattle are widely considered the oldest form of money, used over 10,000 years ago as payment and to account for debts and credits. Currency emerged much later, after the Stone Age, and its worth was established by convention and trust, using objects like shells. Paper banknotes emerged at the end o...
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