The Future of Money
24th Nov 2011; 13:00Listen to the audio
(full recording including audience Q&A)
Please right-click link and choose "Save Link As..." to download audio file onto your computer.
RSA ThursdayUntil a couple of years ago, most people would have thought that cash was vanishing, albeit slowly, because of cheques and plastic cards, internet banking and PayPal. But we now know that the technology that will consign cash to the empty jar of history is not any of those, but the mobile phone. Around the world from Kenya to the Philippines, from California to the UK (where Orange has just launched its first Oyster-style tap-and-go phone with Barclaycard) the evidence is compelling.
If we do away with notes and coins as the means of exchange then the cost of transacting in alternative currencies falls. If your currency choice is just a menu on your mobile phone, then why would you choose to get paid in Sterling, or Euros, or gold, or BA Miles or Tesco Clubcard Points?
Join digital money expert Dave Birch at the RSA as he explores the implications of a cashless future.
Speaker: Dave Birch, specialist consultant and media commentator on electronic business issues, and director, Consult Hyperion.
Chair: Diane Coyle, vice-chair, BBC Trust and managing director, Enlightenment Economics.
See what people said on Twitter: #RSAmoney
Get the latest RSA Audio
You are welcome to link to, download, save or distribute our audio/video files electronically. Find out more about our open access licence.
There are no books.