Dough - Series 5: Money
Summary
Host Greg Footite explores the future of money with futurist Tom Cheeswright and experts from the Bank of England, International Currency Association, and Visa. They discuss the decline of physical cash, the rise of digital wallets, and the potential of cryptocurrencies and central bank digital currencies. The episode also examines how AI agents might automate purchases and whether society will embrace a fully cashless, frictionless financial system.
Topics discussed
Introduction to the future of money
Bank of England's role and current payment trends
The complexity and trust behind physical cash
The decline of cash and arguments for its resilience
Digital wallets and frictionless checkout experiences
Cryptocurrency: Bitcoin as digital gold, not money
Stablecoins and the potential Digital Pound
Cash resilience during power outages and emergencies
Agentic commerce: AI making purchases on your behalf
Trust, security, and liability in AI-driven payments
Predictions: Rise of cash for resilience, fall of crypto hype
Futurist predictions for money in 5, 10, and 50 years
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