Infographic: The Future of Money

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By Matthew Griffin Connected Society Opinion 18th October 2017

WHY THIS MATTERS IN BRIEF

The future of money is an emotive topic but it can be characterised by being cashless, digital, and varied.

A little while ago at the iGaming Show in Amsterdam I was asked to present a keynote on “The Future of Money” and then, shortly afterwards, I was asked to join a panel of bods, for a bit of fun, to explore the topic in more detail, and this is the output.

I believe that as a society we often have this way of over complicating things but, like the future of transport, I think the future of money is a relatively straight forward topic – certainly at a high level. For example, if we look at transport the future is autonomous, electric and full of variants, and when we look at the future of money it’s cashless, digital and, again, full of variants – a veritable “Jurassic Era” of money.

Today we already have an increasing number of countries, from China and Russia, to Estonia and Sweden, who in total represent some 2 billion people, who are now experimenting with and laying the groundwork for national cryptocurrencies and a cashless future, but that said though, it goes without saying that this “switch,” to a completely cashless society, will take decades to realise, and as we head down this road we’ll no doubt see an explosion in the number of both community and national digital currencies, rising from some 1,800 “registered” cryptocurrencies today to, undoubtedly, many, many more.

See also

Disrupting banking is a team effort

Welcome to the Jurassic Era.

Matthew Griffin / About Author

Matthew Griffin, described as a "Walking encyclopaedia of the future" by NASA and a futurist polymath, is one of the world's most renowned futurists and strategic foresight experts. A serial entrepreneur Matthew is the Founder and Futurist in Chief of the 311 Institute, a global Futures and Deep Futures advisory firm working across the next 50 years, XPotential University, the world's first free futures and foresight university, and the World Futures Forum which works with the United Nations to solve the worlds greatest challenges. 13 times author of the Codex of the Future series, Matthew is an in demand international keynote, acclaimed university lecturer, and host of the hit Fanatical Futurist podcast.

A rare talent in his past Matthew helped build and run several multi-billion dollar business units for Atos, Dell-EMC, and IBM, and his ability to identify, track, and explain the impacts of hundreds of emerging technologies and trends on global business, culture, and society has earned him a powerful reputation and a roster of clients that include royal households, world leaders, G7, G20, and G77+ governments, and many of the world's most respected brands including ABB, Accenture, Adidas, AON, ARM, BCG, Centrica, Citi Group, Coca Cola, Dentons, Deloitte, Disney, EY, KPMG, Lego, Legal & General, LinkedIn, Microsoft, Pepsi Co, Qualcomm, RWE, Samsung, T-Mobile, UBS, VISA, and many others. He was also the only futurist invited to talk at the UN COP28 held in Dubai alongside world leaders.

Regularly featured in the global media including the AP, BBC, Bloomberg, CNBC, Discovery, Forbes, Khaleej Times, Telegraph, TIME, ViacomCBS, WIRED, and the WSJ, Matthews mission is to help organisations create a fair and sustainable future whose benefits are shared by everyone irrespective of their ability, background, or circumstances.